How to safeguard the human person in the time of artificial intelligence? It is hardly a surprise that Pope Leo XIV in answering that question in his first encyclical does not include money as part of the solution. More is the pity.

In recent months there has been renewed public interest in the truth about the global history of slavery. For example, the conservative commentator Matt Walsh produced a well-received series titled “Real History,” in which one episode covered “what schools don’t teach you about slavery.”

A predictive market like Polymarket or Kalshi is a financial exchange where people buy and sell contracts based on the outcome of real-world events. The price of a contract fluctuates between one cent and 99 cents based on supply and demand, directly reflecting the crowd’s collective probability estimate that the event will happen. If the event occurs, the contract settles at one dollar, allowing accurate forecasters to profit while aggregating decentralized information into a real-time predictive tool.

Of all the issues facing the Federal Reserve’s new chairman, Kevin Warsh, one that gets little public attention is the financial condition of the Fed itself.  In addition to its much-publicized roles of setting short-term interest rates, which may be headed back up, and creating inflation, which is already too high, the Fed is a giant financial enterprise.  It has total assets of $6.9 trillion as of March 31 combined with negative real capital. 

A late 1953 Agency memo documents how the CIA for years broadcast “black radio transmissions” in Ukrainian from a secret CIA installation in Athens, Greece.

To the Editor: 

I read with interest the Naples Daily News article, “Collier faces $63M hit from tax plan,” (June 6).

While much of the discussion focuses on how local governments will cope with reduced revenue, the deeper issue is the disconnect between property taxes and the services governments provide.

James Buchanan and Gordon Tullock’s The Calculus of Consent is usually considered a classic of free-market thought, but Rothbard was not an admirer of it. In a memo, now conveniently available in Rothbard’s Economic Controversies, prepared in 1960 for the Volker Fund on a manuscript version of the book, he raises some fundamental questions about it, and in this week’s article, I’d like to discuss some of these.