Global Bond Rout Raises Borrowing Costs For Governments And Consumers
The U.S. 30-year Treasury yield climbed to 5.45% Thursday, its highest level since 2004.
Federal Reserve
Federal Reserve Chair Treats Inflation With Quack ‘Cure’
The Iran War, thankfully, has left the ayatollahs’ atomic toys harmlessly glowing in the dark beneath tons of rubble. If not obliterated, the mullahs’ fledgling nukes have been delayed for years, and perhaps even decades.
Markets Raise Bets On October Fed Rate Hike
Barr said policymakers likely need additional adjustments to bring inflation back toward the Fed’s target, according to his prepared remarks at a Chicago housing conference
President Trump Bribes The People
The national debt now exceeds 40 trillion dollars, which is one reason why interest on Treasury bonds is at the highest level since 2007.
The Conflict Between Crony Capitalism And Market Logic
Newman writes: Lord Acton teaches us that “power tends to corrupt,” but the advocates of limited government slowly transformed into the very parties they had previously detested.
Explaining Versus Describing Economic Events
Businessmen themselves are confused as to why. They cannot make sense of why certain business practices that were profitable yesterday are losing money today.
Government By Consent Of The Governed — Later On
The Gulf of Tonkin lie used to escalate American intervention in Viet Nam, leading to millions of deaths at a cost of over a $1 trillion in today’s dollars, serves as a tragic example of how consent grudgingly followed government action.
Treasury Yields Ease Ahead Of Fresh Federal Reserve Comments
Fed Vice Chair Philip Jefferson was scheduled to speak at a New York Fed Treasury conference
The K-Shaped Economy Is Not In Your Imagination
Moody’s, Morgan Stanley, and the New York Fed agree on the shape of the thing: the economy has split in two
New Report Raises Questions Over Fed’s Handling Of Silicon Valley Bank Risks
Consulting firm Starling Advisory Group conducted the review, which goes further than a 2023 internal assessment led by former Fed supervisory chief Michael Barr
Price Inflation Has Been Above The Two-Percent Target For 65 Months In A Row
By the end of that year, however, price inflation was near 40-year highs. But he had to insist that it was all no big deal.
Time Preference: The Key Behind the Increase In The Long-Term Interest Rates
After a much longer time lag, the increase in the growth rate of the money supply will exert an upward pressure on the prices of goods and services.
The Revolution’s Paper Money Legacy
The colonists had a long history with paper money. They had been inflating since the 1690s and had all but driven silver specie out of circulation.
Fed Raises Interest Rates By 25 Basis Points
Federal officials have indicated that another rate increase could come before the end of the year, potentially taking rates as high as 4.5%.
Fed Traders See More Than 90% Chance Of Rate Hike
Expectations have shifted sharply from a month ago, when markets saw only a 36% chance of a hike.
The Austrian Blueprint: A Practical Guide For The 50 States
The Austrian School of economics, particularly through the work of Ludwig von Mises and Murray Rothbard, emphasizes that prosperity emerges not from state management but from private property, voluntary exchange, entrepreneurship, and sound money.