Reading Markets the Austrian Way
How to Recognize Critical Race Theory
Reports that critical race theory is over have been greatly exaggerated. CRT is very much still around, although it has been so discredited since some states took measures to ban it that few social justice activists, if any, will now admit to being critical race theorists. They know that describing themselves as critical race theorists will not be favorably regarded, and so they will often deny that there is even such a thing as CRT.
A Brief History of the Enduring American Embargo against Cuba
In recent years, Cubans have been forced to endure one of their worst shortages of basic necessities, such as food, medical supplies, and fuel. The fuel shortage has been particularly devastating, as it causes regular power outages, which makes it extremely difficult to work and engage in production, and obstructs the transport and distribution of goods across the island.
No, Tariffs Did Not Cause September’s Budget Surplus
According to the Treasury Department’s monthly report for September, the budget deficit turned positive last month, with tax receipts coming in at $197 billion above federal outlays. This sizable one-month surplus was due to a large month-to-month drop in federal spending for the month. Contrary to what some protectionists and Trump advocates have claimed, however, the surplus was not significantly driven by tariff revenues.
U.S. Treasury Yields Signal Fed Rate-Cut Expectations
Markets price in a near 97% probability of a 25-bp rate cut in Oct and a 94% probability of another 25-basis-point rate cut in Dec.
Trump calls off trade talks with Canada over Ontario’s anti-tariff ad
Trump’s rule-by-decree protectionism continues as he insists Americans must pay more taxes to get Canadian goods and raw materials.
2 percent inflation? 2026 COLA benefit increases 2.8%
The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said.
Can Trump murder anyone so long as Trump calls him/her a “narco-terrorist”?
Napolitano: “The Trump administration has claimed that it can kill whomever it designates as an unlawful enemy combatant. The evidence is this: “trust me, bro.”