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Inspired Idiot: Genghis Khan strikes again (at your wallet)

Rumor has it the Chair of the Federal Trade Commission (FTC), Lina “Genghis” Khan, has set her wrath on a major US liquor distributor for the egregious crime of selling in bulk. The company in the path Khan’s fury is called Southern Glazer’s Wine and Spirits; they distribute alcohol to bars and restaurants

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Peter Schiff: The Fed’s inflation reading is hilariously wrong

“Americans are feeling uneasy for reasons that are hard to pin down,” quipped economist Paul Krugman in a New York Times interview published earlier this week. Reasons that are hard to pin down? Bear in mind that this man received a Nobel Prize– our society’s most prominent award for intellectual achievement. Yet he

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Five Predictions for the coming Decade of Decline

There is a well-known modern proverb (often attributed to the novelist G. Michael Hopf) that goes, “Weak men create hard times, hard times create strong men, strong men create good times, good times create weak men.” The saying sums up the cyclical nature of the rise and fall of societies– and it’s a

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The Left: 233 years of failure and still going strong…

On the 1st of October 1791, the 755 freshly elected members of France’s brand-new Legislative Assembly took their seats for the first time in Paris’s famous Salle du Manege– an indoor horse-riding arena that had been converted into a giant meeting hall. While there were numerous political parties in France at the time

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If You Thought the $2 billion Obamacare Website Was Bad…

It was March 23, 2010, when Barack Obama signed his infamous “Affordable Care Act” into law. And in theory it was a nice idea. Healthcare in the US was incredibly expensive, and he wanted to bring costs down. But the execution was abysmal. Since 2010, the number of uninsured Americans is still far,

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The “other” hearing that was bigger than Fauci or Garland

This entire week has been full of eye-rolling— borderline eye-gouging— cowardice and deceit in the halls of Congress. It started on Monday when none other than Dr. Anthony “the Science” Fauci appeared in front of the House Oversight Committee for two days of testimony. And every time the guy opened his mouth, we

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The End of Legitimacy

On August 4, 2017, the most hated person in the world was sentenced to seven years in prison. You may remember the case: his name is Martin Shkreli. Shkreli had quite infamously taken over a pharmaceutical company and jacked up the price of a medication by 50x, practically overnight. Media outrage ensued, and

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Would you pay €1 for this house?

In 2007, Giuseppe Ferrarello found himself facing a monumental challenge as the newly-elected mayor of Gangi, Italy — an incredibly picturesque yet dwindling town nestled in the mountains of Sicily. Like many rural communities across Italy and beyond, the village of Gangi was grappling with depopulation and economic decline. Once home to 15,000

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Where the price of oil is just $15/barrel

In the year 1712, an English ironworker and part-time Baptist preacher named Thomas Newcomen finally put the finishing touches on a new invention that had been more than a century in the making. Newcomen called it the ‘atmospheric engine’, and it was essentially a very crude, rudimentary steam engine that he used to

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Why are foreign countries’ borders always the priority?

This morning Spain’s Deputy Prime Minister, Yolanda Diaz, released an announcement to “celebrate that Spain recognizes Palestine State. . . [which] will be free from the river to the sea.” This comes on the heels of her boss, the Prime Minister of Spain, announcing formal recognition of Palestine as a sovereign nation, alongside

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The Fed is already insolvent. Here’s how we think this plays out

On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that night to review their plan for when the markets opened the next morning. The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had been

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Civil War… Really?

On July 12, 1648, dozens of angry French politicians gathered at the hallowed Palais de Justice in Paris to draft the final ultimatum that would be sent to their nine-year-old king, Louis XIV. The politicians were all members of France’s national parliament, and, like most modern politicians, they were almost all lawyers who

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Inspired Idiot of the Week: The FDIC’s Swamp Man

If you want to understand the complete dysfunction of the federal government, look no further than the case of Marty Gruenberg. At least for now– and hopefully not much longer– he is the petty tyrant in charge of the FDIC (Federal Deposit Insurance Corporation); he has served in that position for 10 out

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Peter Schiff: Don’t buy the Fed’s celebratory gunfire

Did you hear the cheering in the streets? The celebratory gunfire coming from the Federal Reserve? The champagne bottles across Wall Street being uncorked? What’s got people so excited today is the monthly CPI report— which showed consumer prices increasing by ‘only’ 3.4% year-over-year. And core inflation, which strips out food and energy

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