Recent essays
A Love Tap, A Long War
There is a particular kind of dishonesty that begins to bloom whenever a republic finds itself at war and would rather n
The Last Honest Number
There was a time, not so long ago, when Americans believed that a number meant a thing — that a price was a fact about t
The Wages of Another Man's War
There is a particular cruelty in being asked to pay for a war you did not vote for, did not believe in, and were promise
The Receipt
There is a number a man ought to be made to look at. Three hundred and fifty-two billion dollars, since the founding of
The Coin Remembers
There is a particular American tragedy in watching a man who served the institution he helped weaken now insist that the
The Strait and the Schoolhouse
There is a school in Minab, in the south of Iran, that is no longer there. A missile is reported to have killed more tha
The Building on Constitution Avenue
There is, in this country, a building on Constitution Avenue that has come to mean what we will not say aloud. Its renov
The Quiet Theft
There is a theft that no one will prosecute, committed in broad daylight, announced in press releases written in the ane
Notes on a Borrowed Dollar
There is something obscene, and I mean obscene in the old ecclesiastical sense — a thing set apart from the sacred — abo
The Knock at the Temple Door
There is a building on Constitution Avenue in Washington, D.C., a white marble edifice overlooking the National Mall, an
The Price of Other People's Wars
There is a number on the gas pump, and there is a number in the Federal Reserve's minutes, and the distance between
Read before the market does.
Every essay, delivered the moment it publishes. Finance and geopolitics, without the noise — for readers who prefer conviction to consensus.