But how do we know when irrational exuberance has unduly escalated asset values . . .? — Fed Chairman Alan Greenspan, “The Challenge of Central Banking in a Democratic Society,” December 5, 1996

Enough Already by Scott Horton is a must-read for anyone who wants to know the truth about US foreign policy in the Middle East for the last 35 years. Horton starts his exposé with the 9/11 tragedy, and then details all the terror wars up until today. Among all the facts and figures, Horton teaches ten important lessons. Each chapter focuses on a specific country, but these lessons are woven throughout each.

One of the hot topics of the 2024 presidential election is the use of what Republicans have called “lawfare” by the Democrats, using the law—and especially criminal law—to go after political opponents by using the system to charge them with questionable crimes. I myself have denounced it here and here.

Many citizens want more government control of the economy to curb rising prices. It is the worst strategy imaginable. Interventionist governments never reduce consumer prices because they benefit from inflation, dissolving their political spending commitments in a constantly depreciated currency. Inflation is the perfect hidden tax.

The days of slowing and falling money supply growth rates are over. 

Money-supply growth accelerated, year over year, in August by the largest amount in 23 months, and August was the third month in four months that the money supply has grown, year over year.