Conservatives Miss the Point on Marijuana

The House on Thursday just barely defeated a War Powers Resolution that would have directed President Trump to end hostilities against Iran that haven’t been authorized by Congress, as the US military is enforcing a blockade on Iranian ports and is deploying thousands more troops to the region to prepare for potential ground operations. The […]

Launching AI Into Orbit Authored by Timothy Murphy via RealClearDefense, The Strait of Hormuz reminds us that a single chokepoint can shape the global economy overnight. What most policymakers miss is that space has its own version of Hormuz—and we are rapidly losing control of it. Multiple sectors of the global economy are dependent on access to the Strait of Hormuz, but nations are becoming ever more reliant upon access to space to drive their economies. Similar to the Strait, the key corridor in space is Low Earth Orbit (LEO). All...

Inflation Expectations Dip, Driven By Lower Gas Prices, While Labor Market Prospects Worsen: NY Fed Survey Ahead of Wednesday's CPI report which is expected to show a substantial rise in consumer prices, moments ago we got an early look into how consumers view inflation after the NY Fed's latest monthly survey of consumer expectations reported that inflation expectations at the one-year horizon dipped to 3.46% in May from 3.64% in April, easing from the highest print since September 2023. Inflation expectations were unchanged at 3.1% for the three-year-ahead horizon and...