Venezuela’s inflation may hit 1 million percent by the end of the year, the International Monetary Fund announced on Monday. This incredible hyperinflation is reminiscent of Weimar Germany during the years immediately after World War I, in which wheelbarrows full of cash were required to buy bare essential items, like a loaf of bread. That pile
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Imagine walking into a restaurant one evening. Most of the diners are families. Suddenly you notice something odd. Every single child in the restaurant—not just the babies but also the teenagers—is using a pacifier. And then you realize many of the parents are too. Laugh if you want, but that’s more or less what I
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Everyone is taught to believe that gigantic retailers are the most efficient distributors of goods to the general public. Small stores may be able to fill tiny niches. They may be quaint and picturesque. However, only the gigantic retailers have the capital and economy of scale to offer everyday lower prices and variety to the
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With so much media attention on Russia’s involvement in the 2016 election, it seems we have forgotten the obvious: this is not Russia’s first time meddling in American elections. In fact, Russia has been at this for a while. Yet America is all but undergoing another Red Scare. The Senate Intelligence Committee has held
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Gratitude may be more beneficial than we commonly suppose. One recent study asked subjects to write a note of thanks to someone and then estimate how surprised and happy the recipient would feel – an impact that they consistently underestimated. Another study assessed the health benefits or writing thank you notes. The researchers found that
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Late yesterday, U.S. District Court Judge Robert Lasnik issued a temporary restraining order (TRO) blocking the release of design files for 3D-printed guns. The order comes in response to a lawsuit filed by a number of state attorneys general who claim that the Trump administration acted unlawfully in reaching a settlement in a lawsuit brought by Defense Distributed, a
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