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Deleverage the World

Capitalism is supposed to be a system of profit and loss, but in recent years, central bankers and central planners seem to have forgotten the part about losses. The push and pull every lever on the control board to try to make losses for the big players go away, which can be a bit like …

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Spooner the Prophet

How much more ridiculous can the US Postal Service get? This you will not believe. It has embarked on a public relations campaign to get people to stop sending so much email and start licking more stamps. This is how it is dealing with its $10 billion loss last year. Meanwhile, rather than offering better …

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What the Heck Happened to America?

There are occasions in American life – and they come too often these days – when you want to scream: “what the heck has happened to this country?!” Everyone encounters events that strike a particular nerve, some egregious violations of the norms for a free country that cut very deeply and personally. We wonder: do …

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How We Adore Taco Bell

We’ve all visited Taco Bell a thousand times – 2 billion of us at least once every year – but now I’ve taken the time to examine why it is we love this place so much. Let’s just start with the obvious thing: the food. It is, of course, wonderful and full of varied textures: …