Reprinted from Law & Liberty Around the beginning of the 19th century, per capita economic growth turned decisively positive, and Western nations began prospering as never before. Economists have many theories to explain this, but the odd thing is that the most underrated explanation of modern economic growth is economics itself. Inspired by Adam Smith
Okay. I hyped the title. Scott and I had a detailed, respectful exchange regarding the situation in Ukraine that was hosted by Jeff Norman. We disagree on some details and have a semantic difference over the meaning of “game changer”. But we agree on the bottom-line that Russia’s military operation is comparable to those that
Fed officials raised their projections for inflation this week. The median Federal Open Market Committee (FOMC) member now projects inflation will be 5.2 percent in 2022, up from 4.3 percent projected back in March. The most recent revision follows a string of misses at the Fed, which has consistently underestimated the extent to which prices
Amid Surging Inflation, Inventory-Swamped Retailers Push Big Discounts Though consumers are being hammered by price inflation at gas stations and grocery stores, they may be surprised by what they find at electronics, clothing, furniture and appliance stores. Swamped by excess inventory, many major retailers are offering big-time discounts on a variety of consumer goods. One
Hold On To Your Seat! Authored by James Rickards via DailyReckoning.com, The S&P is in bear market territory, which is defined as a decline of 20% or more from recent highs. And it may fall even further. Since World War II, there have been 14 bear markets. The median loss during these bear markets has
The U.S. Air Force is disappointed. A House subcommittee is pumping the brakes on an F-15EX fighter buy – an acquisition that is designed to replace the much older F-15 C/Ds. The Air Force wants 24 F-15EXs for FY23 and the House Appropriations defense subcommittee on June 14 has recommended only a purchase of 18. The F-15EX Eagle II
Swordfish Torpedo Bomber, Explained – To seafood connoisseurs, swordfish is a delicacy. (Mmm, grilled swordfish steaks, anyone?) But in its natural habitat, the swordfish is a sleek, speedy, deadly predator. And in World War II, there was a metaphorical species of Swordfish. This mechanical flying fish was hardly sleek or speedy, but it was definitely deadly
The shooting occurred at Saint Stephen’s Episcopal Church in Vestavia, which has a population of less than 40,000.
Devin Nunes urged Truth Social users to welcome Newsom
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