Free Republic

Ten-year interest rates have vaulted from around 4.5 percent in July to nearly 5.3 percent this week. That may not seem like a lot, but in the history of the bond market, such a rapid rise in rates is almost without precedent. The last time it happened was in 1994, when the "bond vigilantes" relentlessly sold bonds in response to Hillary Clinton's vision of "managed competition" in healthcare. The person on the street knows much more about the stock market than the government bond market, but it is the bond market that has the ability to impose fiscal discipline on...

Donald Trump attempted to turn up the heat on fellow Republican Tom Cotton in the fight to change daylight saving time, even giving out what appeared to be the Arkansas senator's personal cell phone number. The President spent much of Saturday speaking out in favor of The Sunshine Protection Act, which would make daylight saving time permanent. The bill passed the House in July but faces roadblocks among Republicans, including Cotton, who is strongly opposed. 'For some reason, Tom is stopping the Bill and, in the Senate, it´s very easy to do, it only takes one!' Trump wrote on social...

President Donald Trump again insulted Texas Republican Senate candidate Ken Paxton, calling him “a pain in the a**” before wondering aloud, “Is he here, by the way?” The president has used similar lines countless times before, including at his Republican midterm convention in Dallas, where he declared, “He may not dress right. He may not talk exactly perfectly, and he may not be the best-looking guy I’ve ever seen, but you know what he is? He’s the greatest attorney general in America, and he deserves to be your next senator.” His latest remarks came as he returned to Denton, Texas,...