In California, gas stations are facing a unique challenge. The station signs are only configured to go up to $9.99 per gallon and at several stations the price of diesel has reached that maximum. Diesel prices are higher than they have ever been in history. Worse,...
Last Monday, a day before the Republican-controlled House passed a resolution condemning socialism, the Pentagon’s Office of Strategic Capital announced that it had acquired a 35 percent stake in North American Blue Energy Partners, one of Venezuela’s largest private...
Albert Einstein is credited with saying, "the definition of insanity is doing the same thing over and over again and expecting different results." Whether he actually said it or not, the definition stands. This definition also very well describes the Trump...
It took around two hundred years for US government debt to reach one trillion dollars. By contrast, in less than half a year a trillion was added to bring the debt total to the 40 trillion dollars it reached last week. According to the Peterson Foundation, US...
Last week we heard that US sailors and Marines aboard the USS Abraham Lincoln and other ships in the Middle East were being fed food that, from photos that surfaced in the media, looked worse than what you would feed a dog. Parents and spouses of service members...
This month marks 55 years since President Richard Nixon closed the “gold window,” severing the last link between the US dollar and gold. Under the 1944 Bretton Woods agreement, foreign countries pegged their currencies to the US dollar, which was then pegged to a...
After several days of increasing threats against Iran, including social media posts like “FINISH THE JOB!” and “Take the oil. No mercy!,” President Trump has over the weekend called off a planned major escalation in the Middle East. For now. “The U.S.A. is locked and...
A survey of 2,253 Americans conducted by Morning Consult and the Cato Institute provides some good news but also raises serious concerns about the future. The good news is that the survey indicates 55 percent of Americans believe the Constitution should put firm...
Over the weekend the Pentagon announced that four more US soldiers have been killed in President Trump’s war on Iran. That brings the total to 17, but many believe the real number of dead US servicemembers is much higher than that. The Pentagon has claimed it has no...
Despite regularly denouncing the rising socialist menace, President Trump has been pursuing a policy arguably just as, if not more, dangerous to liberty and prosperity as anything proposed by Zohran Mamdani or Bernie Sanders: using government funds to purchase partial...
President Trump was reportedly “shocked” to see many thousands of Iranians in the street mourning at the funeral of the country’s late leader, Ayatollah Ali Khamenei, over the weekend. Khamenei was assassinated by the United States at the beginning of the February US...
Former Federal Reserve Chairman Alan Greenspan passed away last week at the age of 100. Greenspan chaired the Fed from 1987 through 2006. Despite being a lifelong Republican, Greenspan refused to lower interest rates, though doing so may have helped George H.W. Bush’s...
Against the odds, the Memorandum of Understanding signed by the US and Iran appears to be holding, after threats and counter-threats. It may collapse, but it has survived a first round of talks between the two sides in Switzerland over the weekend. President Trump...
Congress accidentally protected the American people’s liberty this week when it failed to extend Section 702 of the Foreign Intelligence Surveillance Act (FISA). Section 702 authorizes warrantless surveillance of foreign citizens. However, it has been “interpreted” by...
Not since the notorious 2012 National Defense Authorization Act (NDAA) provided for indefinite detention of American citizens, has the annual funding bill been as misused as this year. Embedded in the bill is an insult to every American who values our national...
According to the University of Michigan’s latest Index of Consumer Sentiment, a record number of Americans have negative views of the economy. This is yet more evidence that the American people are dissatisfied with their economic condition. Some commentators have...
The pattern of media reports – based on White House leaks – that an agreement with Iran is almost completed has become predictable. Where once the markets fluctuated wildly (and some insiders made huge profits with the information), each time we hear that the deal is...
After Kevin Warsh was confirmed as Federal Reserve chairman last week, he received a stark reminder of the challenges facing the central bank. The reminder came in the form of a worldwide surge in the interest rates paid by government bonds. The surge followed the...
Last week “Secretary of War” Pete Hegseth insulted Americans by claiming that a 50 percent increase in the US military budget – from an incomprehensible one trillion dollars to an impossible one and a half trillion – was a “fiscally responsible investment.” “Thanks to...
One of the industries hardest hit by the spike in fuel prices caused by the Iran War is airlines. Jet fuel prices have doubled since the start of the war. Airlines have reacted to the fuel price increase by raising fares and baggage fees, as well as by cutting routes....
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