William Martin probably knew he was in deep trouble when he boarded the plane to President Lyndon Johnson’s Texas ranch.
As Chairman of the Federal Reserve, he had just warned that the US economy was…
Published on 7 hours ago
Few people understand how the Federal Reserve actually works— and frankly, I’m not sure the President or Treasury Secretary are among them.
That’s not an insult, just based on what they say. Let me e…
Published on 1 week ago
I was still just a kid as the US headed into the 1992 US Presidential election, but I remember the excitement around my home town as Ross Perot entered the race as an independent candidate.
Perot was…
Published on 2 weeks ago
To the surprise of absolutely no one today, the Federal Reserve’s Open Market Committee chose to do nothing at the close of its two-day meeting.
The White House is furious about the decision; the Pre…
Published on 3 weeks, 6 days ago
The US owes a LOT less money to China today than it did a few years ago.
As recently as three years ago, for example, China held $1.3 trillion worth of US government bonds. Today they’re down to arou…
Published on 1 month ago
Bitcoin today is trading at around $120,000. If you’re willing to pay double the price, i.e. $240,000, please contact me immediately. I’ll happily sell you some of mine.
Why would anyone do that? I d…
Published on 1 month, 1 week ago
It’s “Crypto Week” on Capitol Hill with all sorts of crypto legislation on the docket— including the so-called GENIUS Act that aims to regulate stablecoins.
I’m not sure the GENIUS Act is in fact gen…
Published on 1 month, 1 week ago
Many of our readers know that I was an Army intelligence officer, and so I want to start by clearing up some basic terminology.
When people talk about intelligence work, they often confuse terms like…
Published on 1 month, 1 week ago
In today’s podcast, we take on a provocative question from a reader: What is the single root cause behind America’s decline?
You might think it’s overspending, or the Federal Reserve, or career polit…
Published on 1 month, 2 weeks ago
In our latest podcast, we dissect one of the most toxic patterns in American governance: total abandonment of principle the moment it’s politically inconvenient.
In 2022, Supreme Court Justice Elena …
Published on 1 month, 3 weeks ago
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