Viral Trends
Bessent vs. Druckenmiller: Bond Vigilantes versus Bond Bureaucrats
The dispute between Treasury Secretary Scott Bessent and Stanley Druckenmiller is mo…
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Viral Trends
Bessent vs. Druckenmiller: Bond Vigilantes versus Bond Bureaucrats
The dispute between Treasury Secretary Scott Bessent and Stanley Druckenmiller is more important than a technical disagreement over Treasury buybac…
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Viral Trends
Put Money on It? The Social Value of Prediction Markets
Many years ago I came into the habit of offering (and taking) bets on absolutely everything. Conversationally, it could be anything from factual and…
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Viral Trends
With Energy Prices Falling, Inflation Has Nowhere to Hide
Prices resumed rising in July, and this time energy had nothing to do with it. The Personal Consumption Expenditures Price Index ( PCEPI ), the …
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Viral Trends
Postliberalism Gets the ‘Common Good’ Wrong
Major news outlets and publications have devoted significant attention to the rise of “post-liberalism,” a political and ideological movement in …
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Viral Trends
‘A Deal Written in Pencil’: Tariffs Are Erasing America’s Credibility
Hours after the trade negotiations collapsed and the United States imposed a 50-percent tariff on roughly $20 billion worth of Canadian goods on A…
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Viral Trends
The Airline Guide to Subjective Value
When my recent flight was canceled unexpectedly, Delta Air Lines, its operator, gave no reason for the cancellation, only, “Sorry that your flight w…
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Viral Trends
America Can't Outgrow $40 Trillion in Debt
In my recent CiVL article, “ Growing Out of $40 Trillion: Some Unpleasant Fiscal Arithmetic ,” I estimated that merely stabilizing the federal debt…
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