New producer inflation number much higher than expected
The core PPI increased a seasonally adjusted 0.8%, more than the 0.6% gain in December and well ahead of the Dow Jones consensus estimate for 0.3%.
Gallup: The majority of Americans now sympathize with Palestine more than Israel
Forty-one percent of Americans now say they sympathize more with the Palestinians in the Middle East situation, while 36% sympathize more with the Israelis.
UBS downgrades the U.S. stock market
UBS downgraded U.S. equities, saying factors that powered years of outperformance are starting to fade.
House To Vote on Iran War Powers Next Week as Trump Has US on Brink of a Major Conflict
“As soon as Congress reconvenes next week, we will compel a vote of the full House of Representatives on the bipartisan Khanna-Massie War Powers Resolution.”
Does Democracy Require Conformity and Equality?
[Politics Without Politicians: The Case for Citizen Rule by Hélène Landemore (Thesis: An Imprint of Penguin Random House, 2026; 309 pp.)]
Massachusetts 1690: The First Western Fiat Experiment
The Executive’s Legal Limits on Tariffs and Foreign Policy
John Eastman makes sweeping claims in his recent article on President Trump’s emergency tariffs. The Supreme Court’s conservatives split on the issue—specifically over whether Congress’s delegation of authority in the International Emergency Economic Powers Act (IEEPA) was legitimate.
Massachusetts 1690: The First Western Fiat Experiment
This first experiment with government-issued bills of credit presents a natural historical test case for Modern Monetary Theory (MMT), particularly its claims about chartalism and the state’s role in originating money. This took place in the Massachusetts Bay Colony in 1690.
