Trump Decries Communism, Says Its 'Breathtaking Popularity' Turns To 'Death, Destruction, Squalor'

Keynesians claimed that stagflation—rising price levels and increasing rates of unemployment—couldn’t happen. Then it happened time and again, something predicted and coherently explained by Austrian economists.

US Corn Conditions Suffer Sharpest Deterioration In Three Years, Fueling Food Inflation Fear Less than a week after we reported that an options whale placed a $20 million bet on corn futures, a new U.S. crop report revealed the sharpest weekly deterioration in conditions in three years. Bloomberg cites a new USDA report that rated 63% of the U.S. crop as good or excellent, down 4 percentage points from the previous week and below consensus estimates. The decline was due to heat and dryness battering some of the nation's top...

Tropical Storm Edouard Takes Aim At America's Largest Refinery Hub The National Hurricane Center has issued a hurricane watch for parts of the Texas and Louisiana coasts as Tropical Storm Edouard strengthens in the Gulf of America and tracks directly toward one of America's most critical refining and LNG corridors. Edouard was approximately 90 miles southeast of Port Arthur, Texas, early Tuesday, with maximum sustained winds of 40 mph, according to the latest NHC update. The storm is expected to make landfall near the Texas-Louisiana border later Tuesday and could approach...