As US debt soars and foreign central banks stockpile gold, a US senator today introduced a bill to require the first comprehensive audit of America’s gold reserves in decades. Sponsored by Sen. Mike Lee (R-UT), the Gold Reserve Transparency Act would require a full assay, inventory, and audit of all United States gold holdings, along with an upgrade in the purity of the gold so that it meets global market standards.

[Every year at Thanksgiving-time I resurrect a column written by a fellow teacher, Kent Dillon, about the real reason we celebrate this holiday. It is a story no longer told in the textbooks because it is thoroughly unPC, and undermines the idea that government is the solver of all problems. We were teachers, as well as part of the crew, at The Flint School, a private, academic boarding school aboard two large sailing ships, and we used the world as a campus.

Steeper cuts [to prices] will come later ...  “It’s going to be worse.” Wright said she fears the government might be forced to step in as “the buyer of last resort.”

I was asked in an interview the other day if I thought Nevadans had a libertarian attitude. Nevada lost its libertarian streak years ago, I pointed out. The state’s government budget has grown exponentially. Government giveaways are common: Elon Musk (Tesla, Boring Co.), Mark Davis (Allegiant Stadium), F1, and now possibly Hollywood studios. But, as long as California keeps being California, that state’s wealthiest will keep moving here I said.

The worst bubble in human history is the government spending bubble, up from about 8 percent of GDP in 1900 to about 40 percent of GDP today. Column by Christopher Chantrill.

Realtors seem to think that rage-quitting the market will somehow make prices go up. Things won’t go the way they hope.