Via Global Macro Monitor,
The last words my father spoke to me before he died in 1996 was, [“Gregor], somebody is going to have to do something to help the poor.”
Fast forward to 2017. Never has the wealth gap in America been so wide. This creates the initial conditions for a very uncertain and potentially unstable and explosive political and economic future.
As we have detailed numerous times, student protesters have effectively been in control of Evergreen State University for about a month now, forcing the school to hold its commencement ceremonies at an alternative venue 40 miles from campus. The protests – and the school administration’s decision to acquiesce to the students instead of trying to hold them accountable for their actions – have prompted some in the Washington State legislature to try and pull state funding from the school.
Via The Daily Bell
What if everyone declared bankruptcy, would that solve all financial woes? Or rather, would it be the ultimate debt bubble burst? Bankruptcy is a “solution” that would become disastrous if everyone were to use it. So can it truly be considered a solution at all? It just shifts the financial burden to someone else.
Authored by Ryan McMaken via The Mises Institute,
Terry McAuliffe's Wednesday press conference on the Alexandria shooting offers an instructive lesson on what passes for quantitative analysis among politicians.
Via Disobedient Media
Disobedient Media today releases 102 pages from the New York State Select Committee On Crime. The document describes an investigation into child pornography and human trafficking by two detectives from the Washington D.C. Metropolitan Police. The findings were presented to officials on July 26, 1982.