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France's Debt Spiral: Tax Hikes Mask A Looming Crisis
France's Debt Spiral: Tax Hikes Mask A Looming Crisis
Submitted by Thomas Kolbe
On both sides of the Franco-German border, the same problem persists: overburdened and reform-averse politicians struggle against a rapidly accelerating debt spiral. Their preferred tool: higher levies.
Last week, France’s Finance Minister Roland Lescure reported a revision of the projected budget deficit for the current year.
Initial estimates for 2026 had suggested a deficit well above five percent. Yet numerous fiscal measures brought last year’s deficit down to 5.1%. For 2026, the Finance Ministry expects it to stabilize at around...
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Mar 11, 2026 / Tyler Durden
Supreme Court Justices Kavanaugh, Jackson Publicly Disagree Over Emergency Docket
Supreme Court Justices Kavanaugh, Jackson Publicly Disagree Over Emergency Docket
Authored by Matthew Vadum via The Epoch Times,
U.S. Supreme Court Justices Brett Kavanaugh and Ketanji Brown Jackson clashed on March 9 over the court’s various emergency orders that have allowed President Donald Trump to pursue his policy agenda.
The setting was a federal courtroom in the nation’s capital, at an annual lecture honoring former federal judge and prosecutor Thomas Aquinas Flannery, who died in 2007.
Kavanaugh, who was appointed by Trump in 2018, and Jackson, who was appointed by President Joe Biden...
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Mar 25, 2026 / Tyler Durden
WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019
WTI Steady After Biggest Cushing Crude Build In 3 Years; Imports From Venezuela Highest Since 2019
Oil prices remain lower this morning, following the US proposal for a ceasefire with Iran, but off the lows following Iran's rejection.
“From the Iranian perspective, Trump’s actions this week have demonstrated that the US can be pressured when Iran threatens further escalation,” said Arne Lohmann Rasmussen, chief analyst at A/S Global Risk Management.
Futures had already pared losses as Tehran fired a new wave of missiles at Israel, and signaled little willingness to compromise. Iran’s...
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Apr 21, 2026 / Tyler Durden
NewMexit: Secession In The Southwest?
NewMexit: Secession In The Southwest?
Authored by Stephen Anderson via The Mises Institute,
Lea and Roosevelt counties in the US state of New Mexico (NM) in 2026 are seeking to secede and join the state of Texas.
“There was a state representative or two from New Mexico who were expressing frustration with the government in Santa Fe,” Texas State Representative Carl Tepper said.
“They have expressed an interest in being annexed by Texas, . . .”
Their action is referred to as “NewMexit.”
Ludwig von Mises wrote many times that a group of people in a sovereign...
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