Why Mises’s Theory of Economic Calculation Still Is Relevant Today

Not So Fast: Virginia Judge Blocks Redistricting Referendum Update (1835ET): A Virginia judge ruled on Wednesday that the state’s redistricting referendum approved by voters a day earlier was invalid, nullifying the election results. "Virginia voters have spoken, and an activist judge should not have veto power over the People’s vote," said Virginia Attorney General Jay Jones, adding that the state would appeal.  As American Greatness notes further, Tazewell County Judge Jack Hurley Jr. ruled that the referendum was likely unconstitutional as it violated procedural requirements in the Virginia Constitution, including the timing of the vote and the...

Blue Owl Plunges After Halting Redemptions On Private Credit Retail Fund Things are getting from bad to worse for Private Credit giant Blue Owl Capital. The last time we looked at the firm's precarious liquidity situation about a month ago, we found that the Blue Owl BDC would allow for 17% redemptions as investors, burned by both the tumbling stock price and the company's massive exposure to ticking private credit time bombs, were storming for the exit.  Blue Owl BDC Allows for 17% Redemptions as Investors Storm Exit: BBG — zerohedge (@zerohedge) January...

29% Of Americans Have Finally Figured Out The Problem... 71% To Go Authored by James Hickman via SchiffSovereign.com, A new Gallup poll finds that 29% of Americans now say government itself is the country’s biggest problem. That’s a higher percentage than people who think America’s biggest problem is the economy. Or immigration. Or inflation. Think about that for a moment. The institution whose entire job is to solve problems has become, in the eyes of the public, the single biggest problem of all. Joseph Tainter described exactly this phenomenon in his 1988 book, The Collapse...