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Three years ago, we discovered a small gold miner pulling metal out of the ground at an all-in cost of roughly $1,000 per ounce. At the time, gold was trading around $1,800, so that low cost of production really mattered for the company’s profit margin. Even at $1800 gold, the company was profitable,
On May 20, 1862, Abraham Lincoln signed the Homestead Act into law, and it essentially said: here’s 160 acres of land. It’s yours. For free. All you have to do is live on it and improve it. And between 1862 and 1934, the federal government distributed 270 million acres under the program —
A few months ago, the German government quietly passed a law requiring men between the ages of 17 and 45 to obtain permission before leaving the country for more than three months. It wasn’t announced in a press conference. It wasn’t debated on the front page of any newspaper. It was buried in
On March 12, the 21st Century ROAD to Housing Act — the bill banning large institutional investors from buying single-family homes — passed the Senate 89-10. The bill was co-written by Republican Chairman Tim Scott and ranking Democrat Elizabeth Warren on the Senate Banking Committee. Before the vote, the committee put out a
On a warm Friday evening last August in Charlotte, North Carolina, a 23-year-old Ukrainian refugee named Iryna Zarutska boarded a train home after a long day working at a local pizzeria. At the same time, a 34-year-old man named DeCarlos Brown Jr. boarded the train behind her. Within minutes, he pulled a pocketknife
On August 15, 1945, after two of their cities had been obliterated by the world’s first nuclear weapons, the people of Japan heard the voice of their young Emperor for the first time ever. Hirohito went on what was a relatively new communications medium at the time—the radio— and gave one of the
If you’ve never seen polo played live, put it on your list. I’m not talking about watching it on a screen or catching a glimpse from some corporate hospitality tent. I mean standing close enough to feel the ground shake when eight horses come at full gallop, close enough to hear the mallet
There’s a common thread in some recent stories about crazy Leftists: the people involved have gone so far off the deep end that even their own side is wondering if things have gotten out of hand. Here are a few of the most absurd stories from the week in case you missed them:
On October 8, 2012, the Portuguese government launched its Golden Visa program with a simple pitch to the world: buy €500,000 in real estate, and we’ll give you legal residency. No job required. No language test. Just buy a property. It was an act of desperation. Portugal’s economy was in shambles— bailed out
Earlier this year, the House DOGE Subcommittee pulled spending records from the Department of Transportation and discovered that the agency had spent $55 million on office furniture over the past few years. That’s about $1,000 per employee, which might not sound so crazy, until you realize that this was during a period when
George Washington handed Alexander Hamilton an impossible task in September 1789. America owed about $75 million in debt from the Revolutionary War. Individual states had already defaulted. Foreign creditors considered the new country a total joke. And domestic bondholders at home were selling their worthless government IOUs for pennies on the dollar. So,
After the second active shooter scare at his 8-year-old’s school, Michael Le Blanc decided he’d had enough of Los Angeles. The 56-year-old and his wife packed up their two kids and moved to Lisbon. His story was one of dozens featured in a recent Wall Street Journal article about Americans are leaving the
In August 2022, at a campaign rally in Kingston, New York, Governor Kathy Hochul had a message for anyone who didn’t share her political views. “Just jump on a bus and head down to Florida where you belong,” she said. “Get out of town. Because you do not represent our values. You are
Yesterday the United States Senate Budget Committee held a hearing on Social Security solvency. And one of the most interesting things about it is that it didn’t make the news. At all. It’s crazy. Every single senator on that committee acknowledged that Social Security will run out of money in roughly six years.
A few days ago, the United States Treasury Department quietly published the “Financial Report of the United States Government for fiscal year 2025”. No press conference. No prime-time coverage. Just a PDF uploaded to a government website. It is, arguably, the most important financial document published in the country each year— the government’s