What Rothbard can Teach the Public about Inequality

Solid 7Y Auction Prices "On The Screws" With Solid Foreign Demand Today's lone coupon auction, the sale of $16BN in 20Y notes, took place at 1pm, just an hour ahead of the FOMC Minutes release, and the auction was generally very strong, with maybe a one glitch.  The sale stopped at a high yield of 5.122%, up from 4.883% in April, and the second highest in the history of the 20Y auction with just the 5.257% in October '23 printing higher. The yield stopped on the screws with the When Issued...

Crowd Burns Ebola Treatment Center In Congo Amid Dispute Over Body Authored by Zachary Stieber via The Epoch Times, People set fire to an Ebola treatment center in a town at the heart of the outbreak in eastern Congo on May 21 after being stopped from retrieving the body of a local man, witnesses and police said. “The police intervened to try to calm the situation, but unfortunately they were unsuccessful,” Alexis Burata, a local student who said he was in the area, told The Associated Press. “The young people ended up setting...

NATO Chief Backs Renewed US Strikes On Iran As 'Absolutely Necessary'  Even if most individual NATO members are still reluctant to jump on board Trump's Iran war, NATO Secretary-General Mark Rutte is busy praising American military action there amid the annual summit in Ankara. Rutte has freshly described the overnight fresh US military strikes on Iran in response to Tehran attacking multiple international shipping vessels "absolutely necessary". Rutte voiced agreement with Trump that Iran's actions violated the MoU ceasefire agreement with the US, which required a response. Getty Images "When you have a ceasefire and Iran...