Your dollar bought less at the grocery store this year than last. The Federal Reserve added trillions to the money supply. These facts are connected, but understanding how requires grasping one of economics’ deepest puzzles: why does money have value at all when it cannot directly satisfy our needs?

You hand a bill to a merchant in exchange for bread. This simple act, repeated billions of times daily, reveals a profound mystery. The paper in your wallet feeds no one, yet everyone accepts it. Why?

What’s going on here? What’s going on is an immoral, unconstitutional and illegal war of choice.

The US has lost nearly $2 billion worth of military equipment amid its military operations against Iran since Saturday, according to estimates and data compiled by Anadolu.

“CENTCOM has requested additional military intelligence officers to support operations against Iran for at least 100 days and possibly through September.”

Rising oil prices are “forcing reevaluations of previous assumptions about US inflation and the Federal Reserve’s path for interest rates.”

Germany’s push for a social-ecological market economy rests on far-reaching state interventions in energy and industry, including a government-driven hydrogen strategy. In a recent report Germany’s Federal Audit Office explicitly describes the policy as a planned economy and highlights fundamental problems.

Twenty years ago this month, the infamous Duke Lacrosse Case exploded on the Duke University campus, with three members of the university’s lacrosse team falsely accused of raping and assaulting a black stripper. It took more than a year to exonerate those young men, but only after the false charges had ruined lives and exposed elite higher education in the US.

Hegseth boasted of the “death and destruction” in Iran as reports say US and Israeli airstrikes have killed over 1,000 Iranian civilians in just four days.