Power & Market

Saleableness, not velocity, is the key to understanding the value of cryptocurrencies.

Sean Stevens of Heterodox Academy and Professor Mitchell Langbert of Brooklyn College have a

To a certain degree, the showdown in Virginia is really only superficially about guns. It represents the valid anxiety that has arisen as the state’s rural population finds itself increasingly powerless in the face of the rapidly expanding political power wielded by high population centers.

Three Links

While we’re assured by the financial press that the Fed is full of Very Serious People, it’s alarming how clueless

This week, Donald Trump formally nominated Judy Shelton and Christopher Waller for vacant governorships on the Federal Reserve.

President Trump’s decision earlier this month to assassinate Iran’s top military general on Iraqi soil — over the objection of the Iraqi government

Can the president legally kill a person not engaged in an act of violence because of what the person might do in the future? In a word: no.

After decades of Cold War spending, the US had to find a way to keep its massive war budgets and domestic spending going without ruining the dollar. Controlling the flow of dollars spent on oil turned out to be a fix.

If oil prices remain at a sustained high due to a war with Iran, it would mean a higher cost of living for most Americans, but it could help certain regions and populations within the US, such as oil-producing states like Texas and Oklahoma.

The NPC-like script in responding to the attacks has been so on the nose that Vice President Mike Pence even tried to tie Soleimani to September 11 in a move that must have made Trump's attorney and frequent gaffe machine, Rudy Giuliani, proud.