The Myth of Free Banking in Scotland

Ukrainian drone attacks were launched against multiple Russian regions overnight, targeting the Russian online retailer Wildberries, oil refineries, and killing at least three people. The operations, which are supported by US intelligence, came after President Trump met with Ukrainian President Volodymyr Zelensky in Washington. Photos from social media show a fire at a Wildberries warehouse […]

Ukrainian Capital Suffers 'Night Of Hell' In 11-Hour Russian Assault That Kills At Least 20 Just hours after Ukrainian President Volodymyr Zelensky warned of an impending "massive" escalation by Moscow, the skies over the Ukrainian capital erupted in a flurry of inbound drone and missile activity. At least 20 people were killed and several dozen injured in the overnight multi-wave Russian missile and drone assault that overwhelmed Kiev's air defense umbrella. The sheer scale of the bombardment indicates a significant ramping up of Moscow's retaliation strategy, after Russian territory has in...

Warsh Tells Congress Fed Has "No Tolerance For Elevated Inflation": Watch His Testimony Live Fed Chair Warsh (voter) will deliver his first semi-annual testimony as Fed Chair to the House. Warsh’ text was e released at 08:30EDT (link here) and he is scheduled to begin his testimony at 10:00EDT. In his prepared remarks, Warsh said policymakers at the central bank have no tolerance for high inflation, reiterating a vow to tame price growth that has been elevated for five years.  “The members of our committee have no tolerance for persistently elevated inflation,” Warsh...