Why Recessions Are Not about Declining GDP
Mexico’s Energy Sector Goes Backward
Review of Greatness and Ruin by Ricardo Duchesne
Dismantling the Warfare State Was Never Going to Be Easy
Will New York City Become the New Socialist Paradise?
Why DOGE Failed
The Department of Government Efficiency (DOGE) has sparked controversy with its plumbing for fraud and “waste” in the federal government. Tesla dealerships have been attacked, and various protests have been coordinated across fifty states. Many of its vocal critics called it the beginning of a plutocracy—as everyone knows that plutocracy involves former business owners trying to make government smaller. That aside, Musk recently threw in the towel and gave up on DOGE’s ability to get $2 trillion in cuts.
There Is No Disinflation
President Trump: End the War Now!
Hanke’s Weekly Currency Watch List
On this week’s Hanke’s #CurrencyWatchlist, the Venezuelan bolivar comes in as the WORLD’S WORST currency.
The bolivar has depreciated by 65% against the USD YoY.
VENEZUELA = SOCIALIST TRAINWRECK. pic.twitter.com/AGQoU2tb4R— Steve Hanke (@steve_hanke) June 25, 2025
