Monthly Archives: June 2026
California’s Self-Inflicted Squeeze
Policymakers in Sacramento, over many decades, have operated under the assumption that if petroleum production, refining capacity, and fuel consumption were made sufficiently difficult and expensive, the market would rapidly transition to their preferred alternatives. Continue reading
From Pharaohs to the Fed
Since the very beginning of ordered government, rulers and their administrators have endeavored to control their economies. The conviction that there is a fair price for a certain good, and that it ought to be imposed by government decree, is a foolishness nearly all rulers are incapable of resisting. Continue reading
The Brutal Truth About the Upcoming Stagflationary Simmer
Major U.S. stock market indexes continue to float along at or near all-time highs. The ride’s been both fun and exhilarating. Continue reading
