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The Easy Money Fairy Tale Is About To End...Violently Submitted by QTR's Fringe Finance For the better part of the last couple years, I have wondered whether financial markets are permanently broken. Not simply overvalued or temporarily irrational, but actually broken at the mechanical level and permanently distorted. I’ve written about it. The basic process that is supposed to make capitalism work goes like this. Capital flows toward good ole’ fashioned productive uses (like the George Foreman Grill™) and away from flashy hot-shit stupid ones (like the Apple Vision Pro). Good businesses eventually outperform bad...

Viewing the Declaration of Independence as the act that created one consolidated American nation is a common historical anachronism, which projects a later nationalist understanding backward onto the founding era.

Europe's Looming Jet Fuel Crisis: Hormuz, Policy Failure, And A Self-Inflicted Supply Shock Submitted by Thomas Kolbe Politics has established a new routine. Right at 12 noon, prices at German gas stations now rise day after day. The government’s pricing decree, a hastily assembled mechanism, acts like an accelerant in an already dramatically strained fuel supply situation. Anyone with rudimentary economic understanding already knew that this form of price regulation would amount to political posturing with fatal consequences. The market is reacting as expected. Gas station operators anticipate general price increases and indirectly...