A TRILLION DOLLARS. That number may keep Scott Bessent, America’s treasury secretary, up at night. Next year his government’s net interest payments will break the 13-figure mark. The combination of a bulging deficit, now worth 7% of GDP, and the sharp increase in government-bond yields over the past four years makes America’s budgetary mathematics increasingly ugly.
Time is the one resource that no economic model can manufacture, and every serious theory of human action must eventually...
Consider what Appalachia gave America before America returned the favor in pill form.The region supplied the coal that powered two...
What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in...
Dear patient readers, Your humble blogger needs a break from Iran war coverage. Plus there seems to be a dearth...
Yves here. I wish I had the time to research and unpack more clearly is the set of legal theories...
Yves here. It is mystifying and distressing to see Western powers in ever-be-escalating mode with Russia when Russia has moved...
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