That Which Is Seen, and That Which Is Not Seen

Economists like Harold Demsetz and Ronald Coase based their property rights views on utilitarianism. Murray Rothbard based his on justice.

US To Resume Mexican Cattle Imports After Yearlong Screwworm Ban Authored by Kimberly Hayek via The Epoch Times, The United States said on Friday it will end a ban on imports of Mexican cattle implemented more than a year ago to combat the New World screwworm (NWS), a flesh-eating livestock pest that has already made it into Texas and New Mexico. Cattle are herded in a stable in Hamilton, Texas, on June 5, 2026. Brandon Bell/Getty Images In its announcement, the U.S. Department of Agriculture (USDA) said it would coordinate a phased reopening...

Stellar 20Y Auction Stops Through, With Highest Foreign Demand In 2 Years In a quiet day for stocks, which are now trading near session lows, which in turn is prompting a bid for safety, the Treasury complex was already trading at the best levels of the day ahead of today's Treasury auction. Then just after 1pm, the stellar results from today's 20Y auction (technically a 19 Year 11-month reopening of cusip UV8), confirmed the solid demand for US paper.  Today's sale of $13BN in 20Y paper was solid from top to...