A tale of two worlds

The New York Times claims that the "administrative state"—that is, governance by unelected bureaucrats—protects our country and enhances democracy.

Fed Independence Is Sacred... Or So We've Been Told Authored by Richard Roberts via RealClearMarkets.com, For the better part of a year, many had become convinced that the Federal Reserve's independence was in its final days. The narrative rested on two prongs. First, an FOMC browbeaten by relentless public attacks, threats of removal, and a Justice Department criminal probe into Chair Jerome Powell. The pressure, many argued, had grown so intense that Fed decisions would no longer be trusted to reflect economics rather than politics. Second, a new chair expected to arrive in May...

Iranian Starlink Black Market Prices Soar As War Risks Rise Iran's black market for Starlink terminals has rapidly repriced, with reported street quotes of $4,000 per terminal, up from $700 to $1,000 last summer, as war risks surge and renewed fears grow over stricter internet censorship and another blackout. Bloomberg spoke with Starlink terminal sellers and human rights groups that said satellite internet via Starlink terminals is one of the only ways to stay connected to the rest of the world, as the Iranian government has cut access or forced...