What Rothbard can Teach the Public about Inequality

Moscow Repels Another Large-Scale Ukrainian Drone Attack, Flights Briefly Grounded Russian officials are describing a large-scale Ukrainian drone attack targeting the capital of Moscow on Sunday. While not the first time, such aerial assaults so deep in Russian territory have remained somewhat rare. Moscow Mayor Sergei Sobyanin said Sunday afternoon that Russian air defenses intercepted 13 drones headed for the capital, as regional officials reported a sweeping wave of UAV attacks across western Russia - including hundreds of UAVs in total. Standard Ukrainian drone, via the General Staff of the Armed Forces of...

Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including...