Americans' Savings-Rate Slumps In April As Fed's Favorite Inflation Signal Soars

Every July 4th, politicians climb podiums, flags wave, a hundred million dollars’ worth of fireworks scatter across the sky, and somewhere between the hot dogs and the stadium-rock anthems, it becomes easy to confuse the theater of freedom with the substance of it.

A central banker has two lives: the first is spent studying neoclassical money supply mechanics; the second begins when they realize the real world doesn’t work that way.

Massive "Treasure Trove" 3,000-Year-Old Silk Road City Discovered In Uzbekistan Authored by Maria Mocerino via Interesting Engineering (emphasis ours), A Chinese-Uzbek archaeological team has discovered a remarkable 3,000-year-old city along the Silk Road that is rich with artifacts, providing new insights into urban development during the early Iron Age in Central Asia. Surkhan State Reserve. Sherobod District, Surxondaryo Region, Uzbekistan. (Wikimedia) Originally discovered in 1969, the expansive Bandikhan II site, covering 107,639 square feet, is located in the Bandikhan oasis. The Surxondaryo region in southern Uzbekistan is known as an archaeological treasure trove, containing...