Power & Market

News this week that Elon Musk will soon be departing his “Department of Government Efficiency” (DOGE) is a grim reminder of what happens when you challenge big spending DC.

They‘re at it again, except this time it‘s to tell the plebs to “just deal with it” when it comes to import taxes (i.e., “tariffs”) that Americans will have to pay on foods sourced from places outside the United States.

Foreign direct aid has failed to alleviate worldwide poverty. Nations with secure property rights and the institutions that foster them have prospered.

The gold price kissed $3,500 last week before backing off. The late Burt Blumert once told me “in tough times fortunes change hands.” For some, that time has come.

Profits aren’t immoral—they’re necessary. Just as organisms need a net energy surplus to live, societies need profits to sustain themselves.

The latest bogus narrative of this sort comes from one of my readers who is convinced that Trump is right in denouncing those central bankers who inflate too little.

Those who hoped the second Trump administration would reject big spending, war, and restrictions on liberty continue to be disappointed. Prepare for another disappointment—REAL ID law.

President Trump is considering paying mothers $5000 per childbirth. However, the marginal effect of an extra $5K would nudge couples who are close to affording an additional child.

The government has been with us in the shower! The simple everyday annoyance created by government will now likely be heard by the Supreme Court.

Fiat money and state coercion have prevented us from seeing the threat to our well-being that would be apparent with sound money and true liberty.