The Fed Held Rates Steady, and Still Got It Wrong

The Federal Reserve did not raise interest rates. That is the good news. The bad news is almost everything else. In a 9–3 vote, the Fed held its target range steady at 3.50% to 3.75%. Yet three…

The Fauci diary tells the story of institutional cover-up

The Anthony S. Fauci diary, just released by Sen. Rand Paul, Kentucky Republican, is the talk of the town. With nearly 60 mentions in the diary, I win, hands down, the title of White House official who most frequently challenged…

The Capex Boom Is Real. Now It’s Time To Make It In America

The monthly durable goods report is one of Washington’s easiest economic releases to misread. The headline for June was decidedly unimpressive. New orders for durable goods rose just 0.3%, well below market expectations. That will inevitably…