Earlier this month, price growth as measured by both the official federal CPI and the PPI showed that price growth is accelerating in the US. For example, year-over year price growth for May, as measured by the CPI. was at 4.2 percent, an increase over April’s print of 3.8 percent. That was the the highest in 38 months. Meanwhile, for May, core CPI growth, year-over-year, hit a nine month high. In both core and non-core, month to month CPI growth remains firmly within positive territory. PPI growth was even more substantial, rising to 6.5 percent, year over year.

June 25th was the 150th anniversary of the 1876 Battle of Little Bighorn. Col. George S. Custer and 267 US soldiers were massacred by thousands of outraged Indian warriors on the plains of eastern Montana.

Why would anyone invest large sums of capital into creating something new of uncertain income? This question captures the core of the argument for intellectual property, or the legal protection of inventors’ ideas from being copied and put to broader use. The simple logic appears intuitive and therefore persuasive, but does not stand up to scrutiny. Why? Because it applies to all entrepreneurship, which is always an investment in something of uncertain value. Yet this does not seem to stop entrepreneurs.

Even a casual observer of America’s political scene can see that the Democratic Socialists of America have become a powerful force in electoral politics, as their candidates are winning one Democratic Party primary after another. This past week saw three more radical leftists winning congressional primaries in New York City, taking down two well-established members of Congress in the process.

I blundered on Saturday by failing to check the latest updated terrorist profile before visiting Washington, DC. How was I to know that National Guard troops would be on the lookout for 60ish bicyclists who are too damn curious about algae?

I went riding around downtown Washington to check the latest Trump administration efforts to make Washington “safe and beautiful” for the 250th birthday celebration next month.