The socialists who have been taking over the Democratic Party lately have a problem—the state and local jurisdictions where they are able to seize power still have to compete with rival jurisdictions that are still relatively friendly to private property and capitalist businesses. The principal targets of egalitarian fury, namely possessors of great wealth, are strongly incentivized to escape from dystopian hell-holes created by socialists to saner locales.

For years now, Silicon Valley defense firms like Palantir Technologies and Anduril Industries have marketed themselves as insurgents poised to disrupt the bloated military-industrial order dominated by legacy contractors like Lockheed Martin, Northrop Grumman, and RTX Corporation. Unlike the traditional defense giants, “primes,” we are told, are the new firms—agile, software-driven, innovative, and unburdened by the bureaucratic sclerosis that has come to define the modern Pentagon procurement system.

In a speech given on April 15, at the University of Texas, to celebrate the 250th Anniversary of the Declaration of Independence, Justice Clarence Thomas explained the meaning of formal equality before the law, saying:

For most analysts, if the gross domestic product (GDP) data shows an increase, then this is perceived as good economic news. Conversely, if the GDP data shows weakness, then this is regarded as a possible deterioration in economic conditions. Most analysts are data-driven. The reality for them is what they see.

To the Mogambo Guru—pen name of financial analyst Richard Daughty who passed away in 2022—the Federal Reserve were a gang of drunken arsonists locked inside the nation’s monetary basement, ecstatically spraying gasoline on the future while court economists in bespoke suits assured the public there was nothing to worry about. His style developed over the years from pointedly critical, no-words-wasted prose to theatrical, hyperbolic, hilarious, manic, and impossible to ignore alarm. To Mogambo, Fed monetary debasement was a five-alarm fire no one hears.