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Sheeran also clarified who made the final decision to axe Macklemore from his ongoing stadium tour.

The teen had been missing nearly 48 hours after wandering off from his home in St. Augustine just after noon on Saturday.

The Lakers' expected defensive struggles have been greatly exaggerated.

USC is adamant race had nothing to do with Chad Baker-Mazara's unceremonious exit from its men's basketball team earlier this year.

Money-Supply Growth Accelerated In July To A 59-Month High

Authored by Ryan McMaken via The Mises Institute,

Shortly after becoming the new Fed chairman, Kevin Warsh has admitted that it's been more than five years since the Federal Reserve hit its two-percent price-inflation target. Warsh has also claimed that he'll change that, and he'll bring down price inflation very soon. But if Warsh is serious about price inflation he's going to have to make some pretty substantial changes. After all, the Fed's preferred price-inflation measure (core PCE) was up by 3.7 percent, year over year, in the most recent data from July. That's the 65th month in a row during which price inflation came in above the Fed's target rate of 2 percent.

Nor should we expect much change in this trend so long as money-supply growth continues to accelerate as it has been doing for two years. July's measure of money-supply growth - the most recent data available - showed growth at the fastest pace, year-over-year, in 59 months. Moreover, measured month-to-month, the money supply has increased during 11 of the past 12 months.

More specifically, during July, year-over-year growth in the money supply was at 8.62 percent. That's up from June's year-over-year increase of 8.59 percent. Money-supply growth is also up sizably compared to July of last year when year-over-year growth was 1.46 percent.

In July, the total money supply again rose, rising above $19.71 trillion and growing by $1.5 trillion in a year from July 2025 to July 2026.

Measuring month-to-month growth, we find that the money supply has grown in every month of the past year except January. During July, money-supply growth was at 0.097 percent.

The money supply metric used here - the "true," or Rothbard-Salerno, money supply measure (TMS) - is the metric developed by Murray Rothbard and Joseph Salerno, and is designed to provide a better measure of money supply fluctuations than M2. (The Mises Institute now offers regular updates on this metric and its growth.)

Historically, M2 growth rates have often followed a similar course to TMS growth rates, but throughout much of 2025, M2 outpaced even TMS, and M2 money-supply totals are again rapidly heading upward. M2 is now at the highest level it's ever been, topping $23.1 trillion. Measured year over year, July's growth rate for M2 was 5.42 percent. That's the highest growth rate in 49 months.

Since the end of 2009, the TMS money supply is now up by more than 226 percent. (M2 has grown by more than 170 percent in that period.) Out of the current money supply of $19.7 trillion, 30 percent of that has been created since January 2020. Since 2009, in the wake of the global financial crisis, more than $13 trillion of the current money supply has been created. In other words, nearly 70 percent of the total existing money supply have been created since the Great Recession.

Given current weak economic conditions, it is surprising to see such robust growth in the money supply. For example, the estimate for GDP growth in the second quarter of 2026 recently came in at only 1.5 percent. The employment level in the US has fallen by more than 1.2 million since the end of 2025. Wage growth has been below the PCE inflation rate - i.e., wage growth has been negative in real terms - since March of this year.

Given all this, we would not expect to see such robust growth in the money supply. Private commercial banks play a large role in growing the money supply in response to loose Fed policy, and when economic conditions are expansive, and as employment grows, lending also grows, further loosening monetary conditions. But when economic conditions are weak, we'd expect to see less lending and less bank-fueled monetary growth.

So, we should expect to see downward pressure on money supply growth given current economic conditions. However, in an effort to further pump asset prices, and to somehow counter our growing economic stagnation, and to push down yields on Treasuries, the Fed continues to intervene to push down interest rates. This requires a dovish stance on monetary policy, and this is reflected in how money-supply growth continues to accelerate.

As an example of the Fed's commitment to monetary growth, we can look the Fed's portfolio which, in spite of many years of Fed claims about "normalization," has grown by $124 billion over the past year. In other words, the Fed is purchasing Treasuries with newly created money, further ensuring that the money supply continues to grow, even as the economy slows. Moreover, the Fed has refused to increase its target policy rate even as the PCE inflation measure shows no sign of coming close to the two-percent target.

So, how does monetary growth relate to rising prices? It is important to remember that growth in the money supply growth does not drive a one-to-one increase in price inflation. That is, a 10 percent increase in the money supply does not necessary lead to a similar increase in prices. Rather, there will always be a number of lags and measurement problems in calculating how monetary inflation affects price inflation. Nonetheless, monetary inflation is the primary enabling factor in price inflation. Yes, events like wars and logistical failures can lead to rising prices, but in the absence of monetary inflation, rising prices in some areas will require falling prices in other areas. Only in the presence of a growing money supply can there be a general increase in prices. And this is what we are seeing now. Even as energy prices rise, thanks to Trump's wars and trade barriers, we continue to see rising prices in most other areas as well, including food, real estate, and even apparel. This is made possible by a relentlessly rising money supply, engineered by the Federal Reserve and US Treasury officials.

Tyler Durden Tue, 09/15/2026 - 12:00

Sai De Silva has been through a lot in the past year.

After walking the red carpet, many of television's biggest and brightest stars changed into new outfits to party the night away.

After walking the red carpet, many of television's biggest and brightest stars changed into new outfits to party the night away.

"Everybody knows the Crooked Joe Biden FBI didn’t do what they should have with respect to the Lunatic who shot me in Butler, PA," Trump posted.

On Monday, the "Grotesquerie" actor returned to the field after an uncertain few months, being supported in the stands by his wife, Taylor Swift.

On Monday, the "Grotesquerie" actor returned to the field after an uncertain few months, being supported in the stands by his wife, Taylor Swift.

Lou Diamond Phillips posted a photo of himself along with fellow "Young Guns" stars Charlie Sheen, Emilio Estevez, Casey Siemaszko, Kiefer Sutherland, and Dermot Mulroney.

Lou Diamond Phillips posted a photo of himself along with fellow "Young Guns" stars Charlie Sheen, Emilio Estevez, Casey Siemaszko, Kiefer Sutherland, and Dermot Mulroney.

Novig CEO Jacob Fortinsky has responded to the uproar surrounding Sydney Sweeney’s nude sports advertisement, defending its intended message while revealing how heavily the actress influenced its provocative direction. Fortinsky addressed the backlash during Front Office Sports’ Asset Class conference after female athletes accused the campaign of sexualizing women and presenting a distorted picture of...

"My 70-year old skin is improving so much that strangers say I don't look older than 50."

With Aaron Judge back in the fold, Ben Rice no longer has the onus on him to be the Yankees leading man.

EPA Repeals Biden-Era Carbon Rules For Power Plants

As previewed here yesterday, late on Monday the Environmental Protection Agency (EPA) said that it finalized a rule repealing most of the carbon-emission limits for coal- and natural gas-fired power plants and proposed a separate measure that could restrict similar regulations in the future. Appropriately, the Sept. 14 announcement came at the G20 energy event in Houston. 

The EPA projects that the two actions announced on Sept. 14 would save about $310.4 billion if the proposed repeal is finalized.
EPA Administrator Lee Zeldin said the changes would allow the United States to build power-generating infrastructure to meet a rapidly rising demand. 

The Mountaineer Power Plant, a coal-fired power plant near New Haven, W.Va. 

“For over 15 years, the Obama and Biden administrations implemented a war on coal to destroy reliable and affordable energy. The Trump administration has come in to protect American energy and to make sure you can afford to keep the lights on,” Zeldin said in a Sept. 14 statement. 

“Americans will see a decrease in electricity prices, but this is just the beginning. We are working to go even further so that American energy can be fully unleashed. Realizing the full potential of American energy means more jobs, lower prices, and a more prosperous America.”

As the Epoch Times reports, the Sept. 14 action repealed most of the greenhouse-gas emission standards that were adopted under the Biden administration for existing coal-fired power plants and new natural gas-fired plants. The 2024 rule that is being repealed would have required existing coal plants and some types of new gas-powered plants to eventually capture and store their emissions underground.

The EPA also proposed a separate rule that would conclude that emissions from fossil-fuel power plants do not contribute significantly to dangerous air pollution, potentially preventing future administrations from imposing similar regulations under the Clean Air Act.

Such a rule would be all but certain to face challenges in court.

For more than a decade, the EPA has relied on Section 111 of the Clean Air Act as the legal baseline for regulations on U.S. power sector emissions, the second largest source of emissions in the United States, behind motor vehicles. That power could be on the chopping block as the issue moves forward.

If administration changes go through and are upheld in court, it would defang a significant portion of federal legislation on the issue in the future.

President Donald Trump has long expressed a preference for fossil fuels over renewable energy sources.

The proposals from the EPA come as the administration faces mounting pressure to expand energy production in the United States in order to power artificial intelligence data centers, which have strained power grids across the country.

Trump has been favorable to data centers and AI research more broadly, saying that the U.S. must continue to invest in the technology in order to keep pace with China.

The Natural Resources Defense Council, a nonprofit environmental group, opposed the moves.

Meredith Hankins, the federal climate legal director at the Natural Resources Defense Council, said that as millions of Americans facing wildfires, heat waves, and deadly storms fueled by climate change, the Trump administration is cutting the biggest polluters loose to do more damage than ever.

“For the health of our families and good of our nation, this cannot stand. Ignoring the immense harm to the public from this power plant pollution is a clear violation of the Clean Air Act and of Supreme Court precedent. We will be seeing them in court,” Hankins said.

Michelle Bloodworth, president and CEO of America’s Power, supported the repeal when it was proposed in June 2025, saying it would improve grid reliability and make electricity more affordable.

Bloodworth said in 2025 the Biden-era rule would have forced coal plants to close, worsening the risk of electricity shortages as demand rises from data centers, artificial intelligence, advanced manufacturing, and industrial growth.

She said that preserving existing coal plants would improve grid reliability, hold down electricity prices, and strengthen U.S. energy security and economic competitiveness. 

“Under President Trump’s leadership, the United States is proving that we can protect human health and the environment while growing our economy and getting important projects built,” Zeldin said in a Sept. 14 statement. “Clear, timely, and predictable permitting gives businesses the confidence to invest, creates opportunities for American workers, and helps turn good ideas into real projects.” Tyler Durden Tue, 09/15/2026 - 11:40

The TV personality recalled the emotional conversation while guest appearing on a podcast.

The TV personality recalled the emotional conversation while guest appearing on a podcast.

Ed Sheeran has denied he kicked rapper Macklemore off his upcoming tour dates after making anti-Israel remarks during a recent performance.