71% of Americans now associate tariffs with higher prices. A little more than half (51%) say tariffs have weakened the economy, and 52% of working-class voters consider tariffs to be a tax hike on Americans. 🔗 cato.org/blog/working-class-…

.@billburr criticizes corporations' reaction to Luigi Mangione's killing of a health care CEO: “The response to the Luigi [Mangione] thing. It wasn’t ‘Maybe we need to look at what we’re doing if it makes some crazy person do this.’ [Healthcare executives’] response was to take their faces off the internet and get security. It’s like, you don’t think you need to examine this? You’re not the president. You’re just the CEO of a business.”

If you believe conservative legend Milton Friedman's view that inflation is a function of the money supply, then you can see who caused it. fred.stlouisfed.org/series/m…

Love Milei. Can we get him instead of Carney? "It (the UN)'s become a USELESS organization whose only purpose is to sustain a caste of fatefully arrogant PARASITES masquerading as well-intentioned bureaucrats!" 🔥🔥🔥

Global bond markets are blowing up. It feels to me like the crowd that tells us this isn't about fiscal stress is the same crowd that was rearranging the deckchairs on the Titanic. You think it's AI investment driving yields in France and Italy vertical? robinjbrooks.substack.com/p/…

You heard that Juan Perón destroyed Argentina's economy, but what actually happened? Perón nationalized Argentina's central bank in March 1946 and handed price-setting power over beef and wheat exports to a state agency called IAPI. That single move strangled the two industries that fed the country. IAPI bought grain from farmers at prices it set, then sold that grain on world markets at actual prices, pocketing the spread. Farmers received roughly half the international price for wheat throughout the late 1940s. They responded the only rational way: they planted less. Cattle ranchers faced identical incentives and reduced their herds. Argentina's beef exports fell from 400,000 tons in 1946 to under 200,000 tons by 1952. The central bank nationalization meant Perón controlled credit allocation directly. He flooded industry with cheap loans while agriculture starved of capital. Foreign exchange reserves accumulated before 1946 were gone by 1952. The price signal is the only tool an economy has to communicate scarcity and opportunity across millions of producers simultaneously. Suppress that signal in two of your most productive sectors and output collapses. By 1955, when the military removed Perón, Argentina's share of world wheat trade had collapsed from a dominant position to near irrelevance. A country that once fed Europe had engineered its own agricultural decline through deliberate, economically illiterate, socialist policy.