Monthly Archive: June 2025

Iran Stuck By U.S.: Markets, Risk, and Rational Investing

2025-06-23

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2025-06-23

Over the weekend, the U.S. launched strikes against Iran's nuclear facilities. Currently, I only have the details reported by major mainstream outlets. However, given that stock market futures are trading sharply lower on Sunday, I wanted to get something in print before the market opens relating to navigating this event over the next few days.

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Inheritance tax referendum spooks Swiss super-rich

2025-06-23

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2025-06-23

Lawyers and bankers in Switzerland are warning of a UK-style exodus of the wealthy ahead of a referendum on a 50% inheritance tax for the super-rich. The Alpine nation is due to hold a popular vote in November on the introduction of a federal tax on inheritances and gifts worth more than CHF50 million ($61 … Continue...

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The Disasters of Government Enterprise

2025-06-23

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2025-06-23

Our socialist transit systems are an ongoing failure made worse by even more government intervention. We should not be surprised, then, when political leaders insist that the real problem is the lack of a political will to spend even more money on government enterprises.

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There Is No Disinflation

2025-06-23

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2025-06-23

There has been much talk of disinflation, but all the evidence points toward the conclusion that the Federal Reserve continues to administer injections of monetary inflation.

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Ted Cruz, Dispensationalism, and the State of Israel

2025-06-23

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2025-06-23

Ted Cruz’s politics aren’t just conservative, they’re theological. Jonathan Newman explores how dispensationalism shapes US loyalty to the state of Israel.

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Get the US Out of the Middle East

2025-06-23

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2025-06-23

Hamas‘s invasion of Israel happened despite decades of US intervention and spending in favor of Tel Aviv. Yet, this ongoing conflict has nothing at all to do with the safety and security of the United States itself. It's time for the US to get out.

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Weekly Market Pulse: The Turkey Leg

2025-06-23

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2025-06-23

Note: I wrote most of this commentary prior to the US strike on Iran and I decided to go ahead with it anyway. I don’t know any more than you do about what is going on in the Middle East and trying to predict what will happen in the coming days and weeks is a fool’s errand. We have a strategic allocation to commodities in our portfolios exactly because we can’t predict things like this.

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Thomas Paine: The American Revolution’s Unlikely Hero

2025-06-22

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2025-06-22

George Ford Smith joins Bob to discuss Thomas Paine’s transformative role in the American Revolution and his controversial legacy as a champion of liberty and reason.

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Entrepreneurship Can’t Be Taught in a College Classroom

2025-06-21

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2025-06-21

College professors have suddenly discovered entrepreneurship and are teaching about it in their classes. However, while it is an interesting subject, one cannot teach someone how to be a successful entrepreneur.

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Total War Against Civilians Is Never Justified

2025-06-21

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2025-06-21

Total war against civilians didn't begin with World War II. It was official policy of the Union during the Civil War to lay waste to southern cities, towns, and farms. Tactics northern generals used against civilians became the blueprint for armed forces in Europe and Japan 80 years later.

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Bitcoin, Ether & Co: So schlagen sich die Kryptowährungen am Samstagnachmittag

2025-06-21

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2025-06-21

Bitcoin erhöhte sich um 17:10 um 0,32 Prozent auf 103.644,20 US-Dollar, nachdem der Kurs am Vortag bei 103.316,73 US-Dollar gelegen hatte.

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Total War Against Civilians Is Never Justified

2025-06-21

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2025-06-21

Total war against civilians didn't begin with World War II. It was official policy of the Union during the Civil War to lay waste to southern cities, towns, and farms. Tactics northern generals used against civilians became the blueprint for armed forces in Europe and Japan 80 years later.

Read More »

Entrepreneurship Can’t Be Taught in a College Classroom

2025-06-21

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2025-06-21

College professors have suddenly discovered entrepreneurship and are teaching about it in their classes. However, while it is an interesting subject, one cannot teach someone how to be a successful entrepreneur.

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Week Ahead: All but Oil, Nonplussed over the New Phase in Israel-Iran War

2025-06-21

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2025-06-21

The Israel-Iran war continues, but outside of oil, the capital markets have barely reacted. WTI rose by about 2.7% last week after a 13% rally the previous week. It reached levels not seen since early January. The average retail price of unleaded gasoline has risen by almost 2.5% this month.

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Oil Price Rise, Not Tariffs, Will Cause CPI To Tick Up

2025-06-21

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2025-06-21

Inside This Week's Bull Bear Report Back To Extreme Optimism Last week, we discussed that the bull rally continues despite all of the negative narratives lately, from tariffs to the deficit to the potential onset of WWIII. "The market's bullish trend continued this week, and it is rapidly approaching all-time highs.

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How Government Helps to Create Congested Traffic

2025-06-21

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2025-06-21

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.

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The Coming Crack Up Boom

2025-06-21

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2025-06-21

Mark Thornton warns that the US isn’t heading for a soft landing, it’s drifting into Mises’s crack-up boom.

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Hold-up sur l’eau potable (1/2) : la fin de l’abondance. Par Vincent Held

2025-06-20

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2025-06-20

Alors que l’écologie officielle déclare la guerre aux paysans et à leurs « méga-bassines », de formidables quantités d’eau potable sont tout tranquillement exportées hors d’Europe (et notamment de France) par tanker, à coups de centaines de milliers de mètres cubes.

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How Government Helps to Create Congested Traffic

2025-06-20

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2025-06-20

The standard argument for government services is that only government can build enough roads to meet transportation needs. However, the disconnect between production and consumer choice ensures misallocation of resources under government roads, including traffic congestion.

Read More »

Swiss public opinion on nuclear energy is shifting

2025-06-20

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2025-06-20

Swiss public opinion on energy is shifting. A small majority now supports reconsidering nuclear power, though concerns about cost, speed, and supply security remain. According to a recent poll by gfs.bern for the Association of Swiss Electricity Companies (AES), 56% of respondents say they are favourable or somewhat favourable to building new nuclear plants. It […]

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