Revisiting Colonial Massachusetts and Mises’s Taxonomy of Money

As Stocks Hit Record Highs, Americans' Consumer Confidence Collapses To Record Low With the "mini war" still ongoing (albeit with a 'ceasefire' in place), expectations were for UMich consumer sentiment to continue languishing at record lows in final May data released this morning. And it did, with the headline sentiment - along with both Current Conditions and Expectations - all plunging to record lows... Source: Bloomberg Yep... Americans have never been more miserable... Black Friday, meh; 9/11, nothingburger; GFC, fleshwound... “The cost of living continues to be a first-order concern, with 57% of consumers spontaneously...

Deadlocked At Square Zero: Very First Line Of Iran's Latest Proposal 'Unacceptable,' Trump Says Tehran and Washington are truly not just back to square one, but it's as if no rounds of dialogue - direct or indirect - have even taken place. It's more like being back at square zero - and the US President has just acknowledged it. President Trump told reporters aboard Air Force One Friday while departing Beijing that even the very first first sentence of Iran's latest proposal was "unacceptable" and blamed the Iranians for backtracking on...

US Property Foreclosure Filings Increase 14% Year Over Year Authored by Naveen Athrappully via The Epoch Times, There were a total of 40,355 U.S. properties with foreclosure filings in May—down 5 percent month-over-month but up by 14 percent compared to the same period in 2025. “The increase marks the continuation of a trend of rising foreclosure activity on an annual basis,” real estate analytics company ATTOM said in a June 11 statement. In April, foreclosure filings were up 18 percent from a year back. And in the first quarter of 2026, filings...