US Diesel Pump Prices Hit Record As Global Refined-Products Crisis Threatens Industrial Economy

Bob lays out California’s proposed 5% wealth tax on billionaires, using it to explain why taxes on wealth are especially destructive, how different tax structures change incentives, and what recent migration data says about people voting with their feet.

Texas AG Sues Discord For Deceiving Parents, Endangering Children Authored by Naveen Athrappully via The Epoch Times, Texas Attorney General Ken Paxton filed a lawsuit against communications app Discord, alleging that the platform allows child predators to exploit children while falsely claiming child safety to parents. “Discord presents itself to the world as a platform built on community, connection, and safety. It is not,” the lawsuit, filed on May 22 in the District Court of Collin County, Texas, said. “Behind the safety pages and transparency pages, Discord built and maintains one of the...

The Great Reversal: Decades-Long Bond Bull Lacy Hunt On His Bearish Pivot, Tonight For nearly four decades, Dr. Lacy Hunt has been one of Wall Street's most steadfast bond bulls. As chief economist of Hoisington Investment Management, Hunt built his reputation around a simple but powerful thesis: globalization, excessive debt and slowing growth would keep inflation and interest rates suppressed. He maintained that view through the aftermath of the financial crisis, a decade of ultra-easy monetary policy, and even the COVID explosion in money supply and inflation. Now, the bond legend is...