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Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Measuring Poverty Correctly Reveals A Hard Truth About The Welfare State
Authored by Tyler Turman via TheDailyEconomy.org,
America has spent more than $20 trillion on fighting poverty since the introduction of President Johnson’s Great Society program in 1964. Sixty years later, how are we doing?
That depends, as it turns out, on how you measure it.
Last month, Senator Kennedy (R-LA) introduced a bill that would require the Census Bureau to report a new poverty metric as an alternative to the Official Poverty Measure (OPM) by including both cash and non-cash welfare benefits in its calculations.
As Kennedy points...
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Oct 7, 2026 / Tyler Durden
CIA Officer Arrested With Gold Bars Admits Exposing Top-Secret Source To Foreign Government
CIA Officer Arrested With Gold Bars Admits Exposing Top-Secret Source To Foreign Government
Authored by Zachary Stieber via The Epoch Times,
A CIA officer arrested with gold bars and cash in his home has admitted to stealing from the government and exposing a top-secret source, according to court filings made public on Oct. 6.
During their search of David Rush's home, investigators seized about 300 gold bars, federal officials said, along with about $2 million in U.S. currency.Department of JusticeDavid Rush, who is no longer with the CIA, pleaded guilty during a...
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Aug 17, 2026 / Tyler Durden
Swalwell Admitted To Fang-Banging 'Rusty Thumbs' Amid FBI Investigation Into Illegal Donations: Docs
Swalwell Admitted To Fang-Banging 'Rusty Thumbs' Amid FBI Investigation Into Illegal Donations: Docs
The FBI spent months trying to turn a suspected Chinese intelligence operative into a confidential informant, then shut the effort down and opened a criminal investigation into the California congressman she had been sleeping with.
FBI files declassified by President Donald Trump and released by the White House Government Transparency Task Force detail the decade-old relationship between former Rep. Eric Swalwell and Christine Fang, known as Fang Fang (FBI codename 'Rusty Thumbs'), who the bureau assessed was likely...
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Feb 23, 2026 / Tyler Durden
What Causes Stagflation?
What Causes Stagflation?
Authored by Frank Shostak via The Mises Institute,
In the late 1960’s Edmund Phelps and Milton Friedman challenged the popular view that there can be a sustainable trade-off between inflation and unemployment. In fact, over time, according to Friedman, expansionary central bank policies set the platform for lower economic growth and a higher rate of inflation (i.e., stagflation). A famous case of stagflation occurred during the 1974-75 period. In March 1975, industrial production fell by nearly 13 percent year-on-year while the yearly growth rate of the consumer price index (CPI) jumped to...
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