The Case Against Overhead Presses

Three Maritime Incidents Reported In Strait Of Hormuz Energy Chokepoint Update (1045ET): The United Kingdom Maritime Trade Operations reports three maritime incidents in or around the Strait of Hormuz involving commercial vessels. First Incident Second Incident Third Incident Reuters wrote on X, "Tanker owners, oil majors and trading houses suspended oil, fuel and LNG shipments through the Strait of Hormuz after Tehran said it had closed navigation."  Tanker owners, oil majors and trading houses suspended oil, fuel and LNG shipments through the Strait of Hormuz after Tehran said it had closed navigation, raising fears of a...

Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded Russian officials are describing a large-scale Ukrainian drone attack targeting the capital of Moscow on Sunday. While not the first time, such aerial assaults so deep in Russian territory have remained somewhat rare. Moscow Mayor Sergei Sobyanin said Sunday afternoon that Russian air defenses intercepted 13 drones headed for the capital, as regional officials reported a sweeping wave of UAV attacks across western Russia - including hundreds of UAVs in total. Standard Ukrainian drone, via the General Staff of the Armed Forces of...

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it happened time and again, something predicted and coherently explained by Austrian economists.