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It’s very hard to overstate just how obliterated the global economy was following World War II. Europe was in ruins, with many major cities having been bombed back into the Stone Age. Japan had literally been nuked. And just about every economy around the world that still had any manufacturing
Today’s letter is about how to go back in time. A lot of us remember 2009 as a pretty tough economy. The whole world was in bad shape. Major banks had failed, panic had set in, governments were spending money hand over fist, and debts were rising fast. It was
Over fifteen centuries ago, according to an ancient Sanskrit legend, a mythical Hindu priest named Sissa was ordered to invent a new board game to entertain the king of Taligana. Sissa labored over the task for quite some time, but he eventually brought the King a military strategy game with
Like most kids, I wanted to be an astronaut when I was little. Then a fireman. Then a pirate. Then a movie star. My parents were pretty traditional so they hoped I would grow up to become a doctor. This is pretty typical; after all, parents just want their kids
If you’ve ever been on a road trip through Pennsylvania, Ohio, or Indiana, you’ve probably driven past a billboard advertising Amish furniture, quilts, or cheese. You may have even driven past a horse and buggy, driven by someone who looks straight out of the 1800s. The Amish are a Christian
The “green energy” revolution is one of the biggest fantasies of today. For example, they tell us that fossil fuels are going away, that the gasoline powered internal combustion engine is a thing of the past, and that everyone wants to drive an electric vehicle (EV). Clearly, that’s why over
At a campaign rally earlier this month, President Trump promised that if he is elected, “We will keep the US dollar as the world’s reserve currency. It is currently under major siege. Many countries are leaving the dollar.” What he’s referring to is the extreme privilege that the US has,
Let’s play a game. I’ll give you some recent headlines, and you guess the well-known magazine. Here’s What the ‘Manosphere’ Gets Wrong about Cuckoldry How a Zombie Law Could Ban Abortion Nationwide If Trump Is Reelected Meet the New Autocrats Who Dismantle Democracies from Within Finding Math’s Beauty and Power
In the 6th century BC, during the reign of Nebuchadnezzar II, Babylon flourished as a center of power, culture, and commerce. We know this because the Babylonians were exceptional record keepers. And they chiseled everything down onto cuneiform tablets, many of which have survived through today. Sadly the tablets aren’t
On October 23, 1944, a formidable US naval fleet sailed past the Philippine island of Leyte with more than 300 battleships, aircraft carriers, cruisers, destroyers, and submarines. Their objective was to secure the island’s strategic gulf to support the Allied amphibious invasion (which would ultimately liberate the Philippines from Japanese
The Fed Chairman was flush with praise yesterday over the stupendous state of the US economy. The economy is in a “good place”, he told reporters at a press conference after announcing a 50-basis point (0.5%) interest rate cut. The labor market is “strong”. Inflation is “coming down”. They’re “confident”
At some point early in 2011, I received a frantic phone call from a woman who was terrified that then-President Obama was going to “close the borders”. She had apparently been reading some pretty dark forums on the Internet which had convinced her that Obama was going to prevent all
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