2020 Exploded The Myth About Left Wing Love Of The Poor

(Jeffrey Tucker) An axiom everyone picks up in college – and in nearly the whole of media culture too – is that people who favor a market economy disregard everyone but the privileged rich (itself a euphemism). It’s a great rhetorical trick because the presumption keeps backers of freedom on the hot seat, permanently. 

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CAUGHT ON VIDEO: Buttigieg Flops…Asked to Explain Huge Amount of Unrelated Spending in Infrastructure Bill…”We Think These Things Fit Together”

(Leisa Audette) Oh boy! Biden’s Secretary of Transportation Pete Buttigieg was caught in a pickle this morning on Fox News. He could not define exactly what qualifies as infrastructure because, according to him, just about anything can be infrastructure.

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A JPMorgan Icon Quits, And Has Some Parting Words About Cryptocurrencies

(Tyler Durden) For the better part of the past decade, Wall Street traders would end their week with at least a casual glance at JPMorgan’s closely-followed cross-asset report written every week by the bank’s top x-asset strategist, John Normand. But not any more: as Normand wrote in his May 21 note published last Friday, “this is my last research note and video, as I am moving on after 24 years.” In his note, Normand discusses lessons “learned in over two decades with JPM Research, covering cross-asset strategy/asset allocation, Currencies, Commodities and Fixed Income” a period “which covers four business cycles, three US/global recessions and four financial crises (that didn’t cause US recessions), plus hundreds of weekly reports and client meetings.”

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