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When a Chicken Isn’t Just a Chicken
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
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Jun 8, 2026 / Tyler Durden
10 Enduring Lessons From Adam Smith
10 Enduring Lessons From Adam Smith
Authored by Nikolai G. Wenzel via The Daily Economy,
Adam Smith (1723-1790) is widely considered to be the father of modern economics. There were precursors, such as the School of Salamanca and the French Physiocrats, but Adam Smith's 1776 magnum opus, "An Inquiry Into the Nature and Causes of the Wealth of Nations," was the first comprehensive treatise.
A statue of Adam Smith in Edinburgh, Scotland, in a file photo. Travel Telly/Shutterstock
In this 250th anniversary year, much ink will be spilled - and with good reason...
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Jun 22, 2026 / Tyler Durden
Prime Minister Keir Starmer Resigns As UK Faces 7th Leader In A Decade
Prime Minister Keir Starmer Resigns As UK Faces 7th Leader In A Decade
The Keir Starmer experiment is officially over, as was growing increasingly clear over the weekend, especially with an interestingly-timed Trump Truth Social statement. Just under two years after capturing the keys to Number 10, the British Prime Minister has thrown in the towel after succumbing to an internal party mutiny following days of intense, closed-door speculation regarding his political survival.
Stepping up to the lectern outside Downing Street on Monday morning, a visibly defeated Starmer delivered the inevitable...
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Apr 23, 2026 / Tyler Durden
Trump Confirms Possible U.S. Takeover Of Spirit If 'Price Is Right'
Trump Confirms Possible U.S. Takeover Of Spirit If 'Price Is Right'
Summary:
Trump Confirms possible U.S. Gov't takeover of Spirit
WSJ says the Trump administration's possible $500 million rescue deal could leave the U.S. government with 90% control.
WSJ says Commerce Secretary Howard Lutnick is leading the effort in U.S.-Spirit talks.
BBG reported earlier on a potential $500 million rescue loan for Spirit.
News of a possible rescue loan for Spirit emerged last week.
Polymarket:
US takes a stake in Spirit Airlines by May 31?
Yes 36% · No 64%View full market & trade...
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