US Military Blows Up Another Small Boat in the Caribbean Sea, Killing Three

Saudi airstrikes struck two fishing boats off the coast of Yemen on Tuesday, killing at least eight fishermen, according to Yemeni media. According to the SABA news agency, vessels were struck off the al-Kadha coast in the Dhubab district of Yemen’s southwestern Taiz province near the Bab el-Mandeb Strait, an area that was under the […]

Yields Hit Session High After Subpar 5Y Auction Tails For 10th Consecutive Time As Foreign Buyers Shrink While yesterday's 2 Year auction was absolutely blockbuster, today's sale of 5Y paper left quite a bit to be desired. Starting at the top, today's sale of $70BN in 2Y paper priced at a high yield of 4.393%, which was modestly below last month's 4.408% if at the high end of all auctions in the past few years. It also tailed the When Issued 4.391% by 0.2bps, which was the 15th consecutive auction without...

Murray Rothbard realized the present system of punishment for committing crimes is both inadequate and unjust. We need to move to a system of restitution.