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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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Jul 16, 2026 / Tyler Durden
You Will Not Believe What's Happening In This Tiny English Village
You Will Not Believe What's Happening In This Tiny English Village Authored by Steve Watson via Modernity News, Residents of the small leafy Oxfordshire village of Piddington have delivered a thunderous rebuke to Westminster's latest asylum experiment. With roughly 180 adults casting ballots on July 4, 175 backed holding a referendum on breaking away from the United Kingdom in protest against plans to house up to 1,250 single adult male asylum seekers at an adjacent former Ministry of Defence Site. That works out to a 96% yes vote in a community of...
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May 3, 2026 / Tyler Durden
Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results
Jane Street Paid Employees $9.4 Billion, Twice What It Paid Last Year, After Record 2025 Results Jane Street Group has evolved from a niche trading shop into one of Wall Street’s most profitable firms and employees are reaping the rewards. The firm paid roughly $9.4 billion in compensation last year, more than twice what it distributed a year earlier, according to Bloomberg. On average, that translated to about $2.7 million per employee, far ahead of traditional banks like Goldman Sachs. The massive payouts followed a record year in which Jane Street...
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May 19, 2026 / Tyler Durden
Iran Teaching Civilians How To Shoot: Public Tutorials On State TV & In Marketplaces
Iran Teaching Civilians How To Shoot: Public Tutorials On State TV & In Marketplaces Amid stalled peace talks and ongoing tit-for-tat threats, Iranians are reportedly arming themselves in preparation a potential US ground invasion, or renewal of major military action in its skies. CNN cameras captured individual citizens being given gun component lessons in the middle of streets and in busy bazaars. Also state TV has been featuring detailed tutorials and presentations on how to effectively use the AK-47. "I am so ready to sacrifice my life for my country and for...
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