Venezuela is going through one of the worst economic crises of the last century. According to the International Monetary Fund (IMF), Venezuela’s GDP has fallen nearly 50 percent since 2014. To understand the magnitude of Venezuela’s economic downturn, Spain’s GDP fell by 30 percent… during the Spanish Civil War of the 1930s! In other words, a
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Lately we have seen numerous conservative commentators posit the thesis that the Democrats are disqualifying themselves from a 2020 presidential victory by lurching too far left on key economic and social issues. The idea is that the American people simply aren’t prepared to follow the Democrats into the leftist territory that seems to be their
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A number of studies have shown links between depression and internet use. This being the case, who better than the 19th Century German philosopher Arthur Schopenhauer (1788-1860) to be named as the official philosopher of the internet? For thorough-going gloom, it is hard to beat Schopenhauer. “Life is an unpleasant business,” he said as a young
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In Basic Economics, Thomas Sowell wrote that prices are what tie together the vast network of economic activity among people who are too vastly scattered to know each other. Prices are the regulators of the free market. An object’s value in the free market is not how much it costs to produce, but rather how
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What’s worse than being stuck in a long line at the supermarket? Being stuck in a long line at the supermarket while your child is having a meltdown. Every parent has been there, and it’s every parent’s worst nightmare. My kids are four and two – in other words, prime ages for throwing fits in
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A federal judge’s ruling that women must be included in a potential military draft is based on incomplete information, an advocate for military readiness says. The Obama administration rejected a field test by the U.S. Marine Corps that found all-male units performing simulated ground combat tasks outperformed gender-mixed units 69 percent of the time, said
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