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Decentralized Defense: How Ukraine’s Lean Military Outperforms Expectations
National security is the textbook case of a subsidized public good — taxpayer-funded, centrally coordinated, and traditionally insulated from market prices. Ukraine’s wartime economy, however, offers a powerful counterpoint:…
Treasury Secretary Bessent Is Right. The Federal Reserve’s QE Binge Has Made Housing Unaffordable.
By Robert Romano “uccessive interventions by the Fed during and after the financial crisis created what amounted to a de facto backstop for asset owners. This led to a harmful cycle whereby asset owners came to control an…
Whiny Mark Warner Lets The Truth Slip Out
By Bill Wilson Last week, U.S. Senator Mark Warner (D-Va.) let loose with a temper tantrum worthy of the most outraged 2-year-old. And like the toddler’s reaction to being denied what he thought was his right, Warner has run…
When Family Firms Meet Market Discipline: a Lesson from ‘Tommy Boy’
The 30th anniversary of Tommy Boy was recently commemorated in Sandusky, Ohio, with the first Tommy Boy Fest. I was sorry to have missed this event since the schedule looked like a blast, complete with Q&A with Director…
When Family Firms Meet Market Discipline: a Lesson from ‘Tommy Boy’
The 30th anniversary of Tommy Boy was recently commemorated in Sandusky, Ohio, with the first Tommy Boy Fest. I was sorry to have missed this event since the schedule looked
What Shipping Containers Did for Trade, Stablecoins Can Do for Money
In 1956, a trucking entrepreneur named Malcolm McLean did something quietly radical: he placed 58 identical steel boxes onto a cargo ship in Newark and sent them to Houston. Those boxes, the first standardized shipping…
What Shipping Containers Did for Trade, Stablecoins Can Do for Money
In 1956, a trucking entrepreneur named Malcolm McLean did something quietly radical: he placed 58 identical steel boxes onto a cargo ship in Newark and sent them to Houston. Those
Escape from New York, 2025 Millionaire Edition
For decades, New York City prided itself on being the financial capital of the world. It’s a place where money, culture, and power converge. And yet, as has been seen in San Francisco, Chicago, and other locations around the…
Escape from New York, 2025 Millionaire Edition
For decades, New York City prided itself on being the financial capital of the world. It’s a place where money, culture, and power converge. And yet, as has been seen
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