What Rothbard Can Teach the Informed Layperson About Prices and Competition

US Retail Sales Dropped In January As Weather, Weak Gas Prices Weigh This morning's retail sales data is for January (still lagging due to the govt shutdown) and is expected to be a decline (BofA's omniscient analysts see a worse than consensus drop MoM, due in large part to weather disruptions). The actual print was a decline but slightly better than expected at -0.2% MoM. Despite two months of no increase, sales rose 3.2% YoY in January (increased from December) Source: Bloomberg The decline was driven by a decline in sales at gas...

Israel is attacking the Lebanese capital city of Beirut this evening after Hezbollah reportedly took credit for rocket fire against the Israeli city of Haifa. Israeli warplanes have also hit multiple other sites across southern and eastern Lebanon today, including the Bekaa Valley and the Nabatieh District. Details about the extent of the damage in […]

Secretary of War Pete Hegseth on Wednesday boasted of the “death and destruction” the US military can rain down on Iran, as reports say that US and Israeli airstrikes have killed over 1,000 Iranian civilians in just four days. Hegseth said at a press briefing that the US and Israel should soon have “complete control […]