Power & Market

One of the things about America’s welfare-state way of life that has long fascinated me is how welfare-state advocates are convinced that this way

More statist orientation of people, combined with already-bloated government budgets and dangerous levels of national debt, and strong underlying demographic erosions in the form of declining birthrates would suggest a shift in trends toward higher interest rates into the future.

It was at the height of the Cold War that the CIA and the American government began subsidizing Protestant missions, mostly of Pentecostal denomination, with the intent of diluting Catholic presence and preventing the spread of Marxist ideals through religion.

Unless President Trump reverses course, the “Lower Prices Bigger Paychecks” banner that hung behind him at his “affordability” speech this month will be remembered as being to economic policy what President George W. Bush’s “Mission Accomplished” banner was to foreign policy.

On the economy, Trump gives himself a grade of “A+++++,” which is reminiscent of Hoover and other politicians who interpreted their economic failures as successes.

Precedents for sovereign default exist, but they are double-edged.

From the J

From the Quarterly Journal o

President Trump and Hegseth are cashing a blank check for carnage that was written years earlier by President Barack Obama.

Economist Daniel Lacalle hosted me on his YouTube channel this morning to talk about monetary inflation, government spending, and their effects on the middles classes in Europe and the United States.