The Significance of the Arlington Reconciliation Monument

The news that the Reconciliation Monument will be restored to the Arlington National Cemetery should be welcomed as an opportunity to reiterate the importance of peace, and to set aside historical grievances. The monument signifies steps towards reconciliation between North and South that were taken at the turn of the twentieth century, when both sides set out to move beyond the previous era of sectional hatred and fratricidal war.

The Money Supply Flatlines as Employment Cools and Delinquencies Rise

The money supply has nearly flatlined in 2025, with July’s total money supply increasing by only $39 billion over the past seven months. The total size of the money supply still remains more than $5 trillion above its pre-covid total—an increase of 35 percent— but trends in delinquencies, employment, and home sales have put downward pressure on the money supply throughout much of 2025. 

Napoleon’s Continental System and the Human Cost of Economic Warfare

Two hundred fifty-six years ago, one of history’s most consequential figures was born. Napoleon Bonaparte—Emperor of the French, master of Europe, and the Little Corporal—rose from being an obscure Corsican boy to redrawing the map of an entire continent, and leaving behind a legacy that continues to reverberate through the ages and shapes our world today. There are many names and titles we can give the late military genius, but astute economic strategist is not one of them.

Trump’s Statism Intensifies

In a significant escalation of federal involvement in private enterprise, President Trump claimed that Intel had agreed in a meeting last week to give the US government a 10 percent equity stake in exchange for converting government grants pledged to the struggling firm under the prior administration. Days before the meeting, Trump had called for CEO Lip Bu Tan’s resignation over alleged ties to China—a move that, combined with the equity stake, signals a growing willingness to blur the line between private ownership and state control.