Monthly Archive: May 2025
Relearning the Lessons We Never Learned from World War I
The 20th century gave us two world wars that have altered the world's political landscape to this day. We would do well to remember the main lesson from World War I: there is no “honor” in warfare. It is pure murder.
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Regime Uncertainty and the Trump New Deal
President Trump has made a lot of noise in the business community in the first few months of his administration. Unfortunately, his actions and rhetoric have created a lot of uncertainty in the economy, threatening capital development.
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Treasury yields spike again on Thursday as GOP’s out-of-control spending looms
30-year Treasury yield spikes to 5.09%, 10-year yield hits 4.61%. 10-yr yield is back at 2005 levels.
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Interest Rates Rise Again as Treasury Auction Comes Up Short
On Wednesday, the Treasury bonds auction was so weak that 20-year and 30-year yields continued to rise as investors expect a rising wave of mounting federal deficits and debt.
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Thomas Malthus’s Disciples: The Pro-Natalists
Progressives have repeated the Malthus theme of overpopulation for six decades. However, the real demographic problem facing modern industrial nations has been the dearth of population growth fueled by an inflation culture.
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Japanese Bond Rout Continues, While Disappointing PMI Weighs on the Euro
Overview: Disappointing flash May PMI readings in Europe and the Asia Pacific helped the US dollar stabilize after yesterday's drop. Asian currencies, including the yen, has been unsettled by reports that in bilateral trade discussions with the US, exchange rates have been discussed. This, coupled with extensive unhedged dollar exposure rocked several of the regional …
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April home sales were the lowest since 2009
Sales of previously owned homes in April declined 0.5% from March. That is the slowest April pace since 2009. Jobs and incomes aren't nearly as good as we've been told.
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The Rise of War Propaganda and the Defeat of Laissez-Faire
In this lecture from the Mises Institute's recent Conference on War Revisionism, McMaken looks at how classical liberals' pro-peace foreign policy was defeated by a century of war propaganda beginning with the First World War.
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The Role of Bonds in a Well-Balanced Investment Portfolio
When building a strong and diversified portfolio, most investors focus heavily on stocks. But bonds play an equally important role—especially when it comes to managing risk and providing consistent income. Incorporating bonds into your investment portfolio can lead to more […] The post The Role of Bonds in a Well-Balanced Investment Portfolio appeared first on …
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Bond Yields Are Surging: Narratives Vs. Fundamentals
Fiscal worries, the dollar’s imminent demise, and soaring tariff-related inflation expectations are among the concerns driving bond yields higher. At the same time, inflation, the historical determinant of US Treasury yields, continues normalizing. As a bond investor, it is difficult […] The post Bond Yields Are Surging: Narratives Vs. Fundamentals appeared first on RIA.
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Thomas Massie denounces the 1100+ page bill that no one has read
Massie is right, as usual. Most Republicans will vote for it anyway, and continue the US slide into bankruptcy.
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Airlines brace for the summer of hell
A stagnating economy means fewer vacations and less air travel. Airlines are feeling it.
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Deflation: Who’s Afraid of Falling Prices?
In a sound monetary system and a free market, overall prices would generally fall as the economy grows faster than the money supply, enabling people to purchase more with their money.
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What the Biden Health Coverup Reveals About the Political Class
The reaction to Biden’s cancer announcement reveals how little trust the public has in the people who spent years claiming that Biden’s mental decline was fabricated by right-wing propagandists. That lack of trust is well deserved.
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The Spanish Blackout and the Costs of Renewable Energy
The usual suspects from the American and European elites are claiming that Spain‘s recent blackout was the result of unusual weather conditions. In truth, Spain‘s dependence upon renewable energy was to blame.
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Diploma Inflation and the Erosion of Academic Signaling
Economists have said that a higher education degree is a form of “signaling” by the person holding the diploma. Thanks to government attempts to make higher education readily available, the value of a college degree has been severely degraded.
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Be Prepared for a Challenging Day
Overview: The greenback is under pressure. It is off against nearly all of the world's currencies after falling in North America yesterday. Reports that Israel may be planning a strike against Iranian nuclear facilities has contributed to the broad risk off moods and helped lift July WTI to new highs since early April. While the …
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What the Biden Health Coverup Reveals About the Political Class
The reaction to Biden’s cancer announcement reveals how little trust the public has in the people who spent years claiming that Biden’s mental decline was fabricated by right-wing propagandists. That lack of trust is well deserved.
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