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Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

With negative growth now dipping below negative 6 percent, money-supply contraction is approaching the biggest declines we've seen in decades.

Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely.

Contrary to Krugman, DeSantis and others warning about a CBDC aren’t being paranoid: they are simply drawing the obvious conclusions from history.

American politicians are beating war drums. They forget that bad relations are costly in many ways.

As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.

There is a concerted effort in the legacy press to paint a picture of Jack Teixeira as an antigovernment Trump-loving right-winger who is undeserving of whistleblower protections.

Justice Oliver Wendell Holmes famously claimed that taxes were the price people paid for civilized society. The problem is that taxes themselves are antisocial.

The passage of an income tax in the early twentieth century was an enormous shift toward a far more centralized and powerful US state.

One of the most dishonest headlines of the week goes to