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In late 2019, a team executive for the NBA’s Houston Rockets Tweeted a very brief statement of support for pro-freedom protesters in Hong Kong. Hardly anyone should have noticed; he didn’t have much of a following, and it was an incredibly harmless comment. Yet that single Tweet caused a massive
It’s a simple question of arithmetic. Imagine you could go back in time to 1871 and ask one of your long lost ancestors to invest $2,500 for the benefit of future generations. That amount of money wasn’t insignificant… but certainly not a major fortune; it would be worth roughly $50,000
In the early summer of 1514, Spanish conquistador Ponce de Leon returned home to the court of King Ferdinand as a hero. De Leon was among the first of Spain’s conquistadors to discover gold– right here in Puerto Rico. And that was enough for him to be knighted and bestowed
When Gideon Gono became the Governor of the Reserve Bank of Zimbabwe in late 2003, his country was already suffering from terrible hyperinflation. Throughout the 1990s, inflation in Zimbabwe averaged well over 20%. And just a few years later inflation had reached 200%. That’s when Zimbabwe’s government hired Gideon Gono
It’s not generally in my nature to heap praise upon a place with a 53% tax rate, a 25% VAT, or one of the top ten highest tax burdens in the world. But as I often remark, nearly every place in the world has something great going for it… some
301 AD was a big year for the Roman Empire. That was the year that, amid spiraling inflation, Emperor Diocletian issued his Edict on Maximum Prices, essentially fixing prices of just about everything across the Roman Empire. The price of wheat, a day labor’s wages, a quart of olive oil,
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