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Appendix 2: On the Term “Liberalism”
Mises defends his use of the word: true liberalism is defined by private ownership of the means of production, and he explains why he keeps the name despite its distorted modern usage.
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Aug 26, 2026 / Kyle Anzalone
Iran Caused Billions of Dollars in Damage to US Surveillance Infrastructure
NBC News reports that multiple US officials have revealed Iran had caused “unprecedented damage” to US intelligence gathering facilities across the Middle East. “Iranian missile and drone attacks have inflicted damage on US intelligence posts and surveillance hardware in the [region] that is more extensive than any destruction [US] spy agencies have endured,” the outlet […]
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Mar 10, 2026 / Tyler Durden
US Existing Home Sales Bounced In February As Mortgage Rates Tumbled
US Existing Home Sales Bounced In February As Mortgage Rates Tumbled
Despite tumbling mortgage rates, existing home sales plunged (the most since COVID) in January, with some blaming 'below-normal temperatures' despite The West suffering the biggest declines (and unaffected by the winter storms).
Consensus was for a modest 0.8% MoM decline in February (again despite an ongoing drop in mortgage rates) but sales actually surprised to the upside, rising 1.7% MoM. Perhaps even more notably, January's 8.4% MoM plunge was revised up to a slightly less crazy 5.9% MoM drop...
Source: Bloomberg
With...
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Jun 11, 2026 / Tyler Durden
Ghalibaf Hits Back At Trump Ahead Of Threatened Bigger Bombing Tonight: "Endless Quagmire You'll Be Stuck In For Years"
Ghalibaf Hits Back At Trump Ahead Of Threatened Bigger Bombing Tonight: "Endless Quagmire You'll Be Stuck In For Years"
Summary
Iran Parliament Speaker Ghalibaf says "Wrong strategies and impulsive decisions will reset the entire board for the worse, explode energy infrastructure and markets & create an endless quagmire that you will be stuck in for years."
Trump follows with mention of "bigger, more powerful" bombing of Iran tonight. He pledged "they're finished".
Trump announces intent to hit the Iranians "VERY HARD TONIGHT".
Iran Foreign Ministry: US attacks "rendered the ceasefire dated April 8, 2026 effectively meaningless."...
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