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It’s nothing but rosy news coming from the Federal Reserve. Recently the Fed released this reassuring statement: “The banking system remains well-capitalized under even the harshest of these downside scenarios. . .” In other words, everything is just fine. Yet at the same time, the Fed also announced that it would impose restrictions
A few months ago when the US government announced its ‘Paycheck Protection Program’ for small businesses, my first thought was, “This is going to be seriously abused.” PPP, as it’s called, was the crown jewel in Uncle Sam’s efforts to sprinkle trillions of dollars around the US economy; the idea was that the
Well, we knew it was bound to happen sooner or later. Last week a handful of students at the University of Wisconsin-Madison called for a statue of Abraham Lincoln to be removed from the campus. Unlike other more ‘controversial’ Lincoln statues that portray him breaking the chains of slavery, this one simply shows
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. A million dead people received stimulus checks totalling $1.4 billion In response to coronavirus lockdowns, a tanking
On September 3, 1838 Frederick Augustus Washington Bailey sat in a train car heading north out of Baltimore. Frederick would later recount how his heart pounded as he waited for the conductor to check his papers. As a black man in a southern slave state, Frederick had to prove he was legally allowed
By the mid-1990s, the economy of Zimbabwe was in serious trouble. The national government under its dictator Robert Mugabe had spent years confiscating private property– real estate, businesses, factories, bank deposits, etc. And unsurprisingly, this had a disastrous effect on the economy. Productive citizens and talented entrepreneurs left Zimbabwe in droves– after all,
In early 1775, Benjamin Franklin and his European colleague, Charles Dumas, developed a secret method of communicating with each other. Dumas had spent years gathering intelligence in Europe to assist the Americans in their revolt against Britain. But the two needed a secure way to pass information across the Atlantic. So they developed
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Today we tackle the woke. NYC’s inspiring breakthrough in the science of contact tracing “Contact tracing” is
On April 5, 1933 everyone’s favorite fascist, President Franklin D. Roosevelt, signed an executive order which outlawed the private ownership of gold. To justify the seizure, FDR used wartime authorities under the “Trading with the Enemy Act of 1917”. The law was never repealed after World War One, so Roosevelt used it to
Late in the evening of April 24, 1980, the US military launched a risky operation in the Middle East codenamed “Eagle Claw”. 52 American diplomats and government workers had been held hostage for nearly six months at the former US Embassy in Iran, and Jimmy Carter (then US President) had tasked the military
Today’s the day. Across the Land of the Free, and much of the world, local governments are finally starting to allow businesses to re-open and employees to come back to the office. Offices in New York City opened this morning for the first time in months, after Comrade Mayor Bill de Blasio’s politburo
Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. Eight year old boy arrested for asking if he could buy candy with fake money At a
It was only a few generations ago that most people spent their entire lives within a few miles of where they were born. They grew up, lived, worked, and retired, all in the same place. And that was normal. Travel and relocation didn’t really become commonplace until after World War II. But even
On May 12, 1703, the Russian army under Peter the Great captured an important Swedish fort on the Baltic Sea called Nyenskans. It was a major victory for Peter in his war against the Swedish Empire. Russia was a rising power in the early 1700s, but Peter was in critical need of a
You probably know the story already: on Friday night, an intoxicated man in Atlanta got behind the wheel of a vehicle and drove to a local Wendy’s fast food restaurant. When he arrived, he passed out while still in the driver’s seat of his vehicle… which also happened to be smack dab in
