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For decades, Germany operated its rail system on an honor model. There were no turnstiles, no barriers. Passengers bought tickets, boarded trains, and conductors performed random spot checks to make sure everyone had paid. It was a system built on trust— and for a long time, it worked, because Germany
These days there aren’t too many people clamoring to move to New York City. Maybe it’s the rats. Or the high taxes. Or the homeless. Or the socialism. You can see the effect in the city’s population numbers: in 2018, roughly 8.4 million people lived in the five boroughs. Today,
The Congressional Budget Office just released its annual long-term budget outlook. And, as usual, the numbers are grim. Also as usual, practically no one in Congress is paying attention. America’s elected representatives are focused on everything else— virtue signaling, trying to keep illegal immigrants in the country, launching lawsuits against government
In January 1933, a farmer named Wallace Kramp was about to lose everything. A lender in Wood County, Ohio was foreclosing on his farm over an $800 mortgage he couldn’t pay. Kramp wasn’t a bad farmer. It was actually the government’s fault: during World War I, the US government had
In January 2025, the federal government employed about 3 million people. By November, that number had fallen by roughly 270,000 workers — a reduction of about 9%. According to the Cato Institute, that was the largest peacetime federal workforce reduction EVER. More than 150,000 employees took the “Fork in the
Remember when Pete Buttigieg, as Secretary of Transportation, was handed over a TRILLION dollars by Congress to spend improving America’s infrastructure? “The main thing I’m thinking about,” he said, “is how do we make sure we take all this money— you know it’s $1.2 trillion— and actually deliver $1.2 trillion
PepsiCo spent $2.8 million last year lobbying to keep junk food eligible for food stamps. But last week— after Health and Human Services Secretary Robert F. Kennedy Jr. got 18 states to ban SNAP purchases of products like soda, candy, and processed snacks— PepsiCo announced price cuts of up to
Yesterday, the Seattle Seahawks beat the New England Patriots in Super Bowl LX at Levi’s Stadium in Santa Clara, California. From a financial perspective, each Seahawks player will take home $178,000—payment for that particular game. Now, given that the Superbowl was played in California—and the players earned money playing in
This was a tough week for rational people… because the Inspired Idiots have been out in force over the last several days. From the Grammys to the Communists to the good old legacy media, you might have been rolling your eyes so much that you have a pounding headache at
In 1431, a boy named Rodrigo was born to a minor noble family in Valencia, Spain. He was bright, ambitious, and lucky. His uncle Alonso was a bishop with powerful connections who had climbed the ranks of the Catholic Church. Uncle Alonso leaned on those powerful connections in the year
It wasn’t until somewhat recent history that the price of gold was less than $1,000 per troy ounce. Now (as you probably know), the price of gold has just dropped by $1,000 in only a matter of days. Silver’s decline was even more violent. Much ink has already been spilled
Two days ago I wrote to you about how Elizabeth Warren single-handedly destroyed an American technology company headquartered in her home state. She killed a deal for Amazon to buy iRobot— maker of the popular Roomba robot vacuum cleaner. And as a result, iRobot filed for bankruptcy and got scooped
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