Intermediate

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

Today is the 30th anniversary of the Waco Massacre in which the media and the government self-congratulated each other in absolving the FBI of any crimes. Nothing has changed since then.

Both artists and athletes perform for others. When governments get involved it either is for subsidies or censorship. Neither is satisfactory.

Walter Bagehot, as Jim Grant writes, believed that bankers and central bankers should exhibit financial discipline. He would not recognize today's banking world.

Washington elites and especially their media have denounced what they once praised: leaking of official documents that show the government has been lying.

American politicians are beating war drums. They forget that bad relations are costly in many ways.

Official Washington and its Court Media are up in arms that someone has told the truth via leaking government documents. They won't rest until he is punished severely.

As markets settle down after the last set of bank failures, political elites claim the crisis is behind us. But it is not over, not by a long shot.

Justice Oliver Wendell Holmes famously claimed that taxes were the price people paid for civilized society. The problem is that taxes themselves are antisocial.

Not only does the Great Reset promise us better weather and happiness (while owning nothing), it also promises to transform humanity itself. Some of us are not so sure.