EDITION 2026.11.12
Close NOV 12S&P 500 757.12 −2.69 (−0.35%)Nasdaq 100 688.17 −2.21 (−0.32%)Dow 30 522.47 −1.97 (−0.38%)Russell 2000 278.44 −4.65 (−1.64%)VIX futures 17.51 +0.58 (+3.43%)Gold trust 354.89 −10.28 (−2.82%)WTI fund 146.07 +4.60 (+3.25%)Dollar fund 29.42 +0.07 (+0.24%)20yr Treasury 79.72 −1.20 (−1.48%)10Y yield (NOV 10) 4.98% +10 bpHigh yield 76.98 −0.37 (−0.48%)Close NOV 12S&P 500 757.12 −2.69 (−0.35%)Nasdaq 100 688.17 −2.21 (−0.32%)Dow 30 522.47 −1.97 (−0.38%)Russell 2000 278.44 −4.65 (−1.64%)VIX futures 17.51 +0.58 (+3.43%)Gold trust 354.89 −10.28 (−2.82%)WTI fund 146.07 +4.60 (+3.25%)Dollar fund 29.42 +0.07 (+0.24%)20yr Treasury 79.72 −1.20 (−1.48%)10Y yield (NOV 10) 4.98% +10 bpHigh yield 76.98 −0.37 (−0.48%)
79 ESSAYS · SINCE MAR 2025
Signal Over Noise
Latest · Healthcare

Obamacare’s Great Illusion, Part Three: Give Patients Back the Power to Buy Healthcare

Dependable protection against catastrophic expenses, individual control over healthcare dollars, direct relationships with doctors, transparent prices and open competition. The real test of reform is whether the bill itself becomes smaller.

NOV 11 2026 12 MIN READ FULL ESSAY →

Recent Essays

— SHOWING 12 OF 79 —
Healthcare NOV 05 2026

Obamacare’s Great Illusion, Part Two: The Government-Protected Monopolies Driving Up Healthcare Costs

Washington subsidizes the bill while certificate-of-need laws, hospital consolidation and opaque pricing keep competitors out. Only genuine competition…

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Healthcare NOV 01 2026

Obamacare’s Great Illusion: The Free Market Is the Real Fix

A $33,284 insurance policy with a $224 out-of-pocket premium has not become a $224 product. Washington can subsidize the bill. Only genuine competition…

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AI OCT 19 2026

Winning the AI Race Means Putting America to Work, Not Putting Innovation on Hold

America wins the AI race when American businesses, workers and industries become the most effective users of artificial intelligence in the world — not…

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Energy OCT 03 2026

The Refinery Mistake: How the West Shot Itself in the Foot

The West spent decades making new refineries harder to build while closing existing capacity. We did not eliminate petroleum demand. We outsourced the…

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Macro Economics OCT 01 2026

The Bond Market Is Flashing a Warning

The 10-year Treasury yield reached 5.34 percent, its highest since 2002. This is not a prediction of an imminent sovereign-debt crisis. It is the market…

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Macro Economics SEP 15 2026

The House Has Shown Its Cards

Scott Bessent says he is the house. In saying it so openly he may have shown the market the house’s cards — the debt, the deficit, the refinancing…

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Parody JUL 17 2026

Freaky Friday in New York: Kathy Hochul and the Genie Who Deleted the Data Centers

Satire. New York wishes its data centers away — and the governor spends one full day living as the infrastructure she banned, discovering that banning a…

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Parody JUL 11 2026

Fantasy Friday: BREAKING — Thousands Fill Manhattan for “No Kings” Rally Against King Mamdani’s 78-Degree Decree

Satire. Demonstrators flood Midtown to protest “thermostat authoritarianism” and the Royal Cooling Proclamation No. 78, demanding the ancient right to set…

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Government MAY 18 2026

Warsh’s Inheritance: Beyond the Funds Rate

Most coverage of Kevin Warsh’s confirmation will focus on what he does with the federal funds rate. That is the wrong story. The Chair’s real power is the…

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Uncategorized JAN 03 2026

Capital, Contracts, and the Cost of Politicizing Markets

When Politics Rewrites the Rules, Capital Rewrites the Map Let’s start with the facts — the actual policy moves. Within hours of taking office, Zohran…

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Uncategorized DEC 20 2025

Billionaires Against the Ladder: The Ultimate American Hypocrisy

There is a defining contradiction in American economic life today, and it deserves to be stated plainly—without euphemism, apology, or academic fog. Some…

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Uncategorized DEC 14 2025

When Government Decides You Don’t Own Your Business Anymore

Seattle’s Grocery Store Plan and the Quiet Death of an American Principle Seattle’s new mayor wasted no time making her governing philosophy unmistakably…

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