Power & Market

The personal consumption expenditures price index rose 6.8%, the biggest 12-month move since the 6.9% increase in January 1982. 

Members of Congress spent less time in Congress in the past. Holding Senators to a single term or a House member to 2 terms would move averages back to where they were 150 years ago. 

Those who don’t learn from the past, as the old adage goes, are doomed to repeat it.

There’s a saying on Wall Street referring to the stock market that “all correlations go to one in a crisis.” Perhaps more accurately, all correlati

Proto-Progressives didn’t stand back and let a

With the Federal Reserve bound for a fairly large rate increase this Wednesday, plus talk by the

Imagine living under one of the 19 nations in Europe who share the same currency and have little to no autonomy over their own monetary policies.

The launch of the ECB's new bond-buying scheme won't save the euro. In fact, it will drain, rather than bolster, confidence in European money.

Nothing is so permanent as a temporary government program. - Milton Friedman

American Colony governments were experiments in and innovators in freedom, but state governments haven’t been, and have been even less so in the Pr