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Stocks fell last week following news that the yield curve on Treasury notes had inverted. This means that a short-term Treasury note was paying higher interest rates than long-term Treasury note. An inverted yield curve is widely
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The Federal Reserve, responding to concerns about the economy and the stock market, and perhaps to criticisms by President Trump, recently changed course on interest rates by cutting its “benchmark” rate from 2.25 percent to
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With a national debt approaching $23 trillion and a trillion-dollar deficit for this year alone, Congress last week decided to double down on suicidal spending, passing a two-year budget that has the United States careening
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During my presidential campaigns, well-meaning supporters would sometimes suggest I stop emphasizing opposition to overseas intervention and focus on fiscal issues. I disregarded the advice, not only because adopting a
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The UK got a taste of its own medicine this week as Iran seized a British tanker, the Stena Impero, just two weeks after UK Royal Marines seized a tanker near Gibraltar carrying two million barrels of Iranian oil. As could be
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Recently several prominent social and populist conservatives have attacked libertarianism. These conservatives, some of whom are allies in the fight against our hyper-interventionist foreign policy, blame libertarianism for a
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Hypocrisy seems to have become a defining characteristic of US foreign policy, especially when it comes to Iran. After breaking the Iran deal last year and, de facto, forcing the Europeans to violate the deal in May, the US
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The mainstream media was too busy obsessing over Russiagate to notice that, according to an annual Social Security and Medicare Boards of Trustees report, the Social Security trust fund will run out of money by 2035. The trustees
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President Trump did the smart thing last week by calling off a US airstrike on Iran over the downing of an American spy drone near or within Iranian territorial waters. According to press reports, the president over-ruled
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Last week, the House of Representatives voted in favor of a Labor, Health and Human Services, and Education appropriations bill amendment to repeal the prohibition on the use of federal funds to create a “unique patient
