Bond yields are ripping today, with the 10-year climbing above 4.9% and at the highest level since 2007. Meanwhile, the 30-year yield has risen above 5.3 percent, the highest level seen since 2002. 

Daniel Bessner’s Imperialist Realism: Politics and Culture at the End of the American Century begins with a provocative question: Why do Americans find it easier to imagine the end of the world than the end of the American empire?

Rainer Zitelmann has built a career making the case for capitalism against its cultured despisers, and in this book he turns that project skyward. The argument is straightforward and, once stated, almost obvious: space is not primarily a government achievement that private enterprise has recently colonized, it is the other way around. The state involvement of the Cold War—from Sputnik to Apollo—was an historical anomaly.

Most of the money Africans give away never appears in a spreadsheet. It moves between relatives, through churches and mosques, into contribution clubs and burial funds, from one neighbor’s hand to another’s. The research literature on African philanthropy keeps circling the same themes of solidarity, reciprocity and mutual assistance, alongside the more visible religious and institutional forms of giving.

In a recent Mises article, Tho Bishop declared that the institution of college sports is currently under the grip of anarcho-tyranny, which he defined as “the state-driven phenomenon of criminalizing the enforcement of basic civic norms while increasingly restricting the liberties of law-abiding citizens.” The latest outrage comes from Louisiana State University in which its enfant terrible footb

The increase in the Federal debt beyond $40 trillion triggered a chorus of false claims regarding fiscal policy and Federal debt sustainability. This morning on CSPAN, Josh Bivens echoed recent remarks From Paul Krugman and Jared Bernstein.

“A defence start-up whose backers include US tech billionaire Peter Thiel’s Founders Fund is building a trio of factories in the US.”