Ludwig von Mises was born 145 years ago today. The world is a very different place than it was back then, but Mises’s impact continues to be felt to this day.
Although he isn’t running for office, President Trump is running taxpayer-paid ads praising himself and warning of a “final battle.”
Secretary of the Treasury Scott Bessent and famed investor Stanley Druckenmiller worked for George Soros during his famous coup of the UK pound crisis back in 1992. Druckenmiller has since gone on to be an independent hedge fund manager with one of the best records on Wall Street spanning several decades. Scott Bessent’s independent hedge fund closed because of poor performance during a period of record growth in the stock market and his second attempt did not fare much better.
At his Jackson Hole speech, on August 28, 2026, the Fed Chairman Kevin Warsh recommitted the Federal Reserve to maintaining its 2 percent inflation target, calling it a “firm, fixed target.” At present, however, price inflation, as measured by the yearly growth rate of the Consumer Price Index (CPI), stood at 3.4 percent in July, down only slightly from 3.5 percent in June.
