Federal interest payments are now huge thanks to rising interest rates. The Fed may soon intervene in a big way in an effort to force down yields on Treasurys. 

Japan says it will increase more bond-buying (and thus more monetary inflation) to get control of rapidly rising yields which threaten Japanese sovereign debt. 

Suggests that the al-Qaeda militants, who oversee massacres of Syrian Christians, is becoming a “benevolent monarchy.” 

Gas is the cheapest since 2021. In a tepid economy, demand falls, and demand for oil is now outpaced by production. Gas then gets cheaper. 

Zelensky and welfare-queen European regimes still cling to fantasy that Ukraine will recover all its territory. 

Economist Daniel Lacalle hosted me on his YouTube channel this morning to talk about monetary inflation, government spending, and their effects on the middles classes in Europe and the United States:

During the past few weeks, the Trump Administration has engaged in an illegal and immoral war against Venezuela. The war violates both United States law and international law. Even more important, it violates the principles of just war set forward by Murray Rothbard.

Last week the Pentagon, under “War Secretary” Pete Hegseth, carried out yet another military attack on a boat in the high seas that the administration claims is smuggling drugs. That makes 23 boats blown up by the US military in the waters off Latin America – most near Venezuela – and nearly 100 persons killed.

Classical liberalism was, at its core, a transitional philosophy: a necessary step in the historical evolution away from the absolutism of monarchy and toward the only consistent vision of liberty— anarchy.

Early liberals—still entangled in monarchy’s remnants—advocated a minimal state, believing it necessary to secure an order more consistent with human nature. But they failed to grasp the inherent contradiction: even the most minimal state runs contrary to human nature, and every state, by its nature, carries the seed of its own expansion.

One of the most basic threats to liberty, which is often overlooked, is that the defense of individual liberty as an ideal is seldom heard in political debate. The ideal of liberty is often overshadowed by quotidian political concerns that follow the latest outrage. In public debates on policies designed to advance social justice goals, the disputants generally argue about the effectiveness of the policies without questioning the underlying ideological premise or its implications for liberty.