I'm Sorry, But The Fed Has Run Out Of Road

The Democrat Establishment Is Starting To Worry About Spencer Pratt The last person California Democrats expected to keep them up at night is Spencer Pratt. Yet here we are. The former reality television personality-turned-independent mayoral candidate has spent the past several weeks doing something that Los Angeles's political establishment convinced itself was impossible: making incumbent Mayor Karen Bass look vulnerable. Conventional wisdom held that a candidate like Pratt, a former television personality with no governing experience, running as an independent in a deep-blue city, had no realistic path to victory. The conventional...

How The Iranian Regime Destroyed Its Economy... Long Before The War Authored by Daniel Lacalle, As negotiations edge towards a ceasefire, Tehran is trying to blame the country’s economic collapse on the war and foreign pressure. Yet the data tell a different story: Iran’s economy was already structurally broken before the war. Years of ideological policymaking, institutionalised corruption, and the militarisation of the economy have caused Iran’s economic ruin.  Iran has been in a state of permanent economic emergency since at least 2018. Official inflation has remained above 40% year after year, destroying the country’s middle...