The Federal Reserve System released its May 2025 Beige Book yesterday, and the Fed has stopped painting a cheerful picture of the US economy. The Fed reported a worsening economy in six of its twelve districts, specifically Boston, New York, Philadelphia, Minneapolis, Kansas City, and San Francisco. Only the Richmond, Atlanta, and Chicago districts showed improvements in economic conditions.
According to the report summary:
Donald Trump’s allies at Palantir, a parasitic “private” company funded by tax dollars and created by the CIA, have taken a beating in the media in recent days. With the exception of the usual pro-regime voices at the legacy media, coverage of Trump’s growing alliance with Palantir—a tech firm that’s helping the administration compile and analyze ever larger hoards of data on Americans—media coverage has been overwhelmingly negative.
On May 14, 2025, the American Council for Education, backed by over 50 higher education groups, issued a statement titled “A Call to Reforge the Historic Compact Between Higher Education and the Federal Government.” They’re pushing back against the Trump administration’s plan to cut university funding and eliminate DEI programs, claiming the government-university partnership makes American higher education “the envy of the world.”
Everyone likes to be flattered by being called “great,” especially Donald Trump. Equally as flattering is to have one’s entire country called “great” if not “the greatest,” “exceptional,” or “indispensable.” Or perhaps even “a shining city on a hill,” reminiscent of “The Emerald City” of The Wizard of Oz.
Nominalist ideas influenced the scientific revolution, shaping its departure from metaphysics, its mechanistic perspective, and the mathematization of all sciences.
The story of Joe Biden’s mental decline—hidden in plain sight by the legacy media—has become The Story That Will Not Die. While the media are blaming Biden’s White House staff, as well as former First Lady Jill Biden, the real reason this scandal—and it is a scandal—has existed is the legacy media itself.
On Monday’s Episode of the Tucker Carlson Show, Carlson interviewed Catholic Bishop Robert Barron, largely to discuss topics related to the election of Pope Leo XIV. Most of the interview is unremarkable for our purposes here at mises.org, but at one point, the discussion touched on the problem of usury and the modern financial economy.
Thomas DiLorenzo joins CapitalCosm to discuss the growing interest in gold at the state level
Thomas DiLorenzo joins the New American’s Alex Newman to discuss “Federal Reserve: The Ultimate Deep State Tool of Control & Destruction“
