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Money and BanksMoney and Banking
Since we don't know the future, all investment is a type of speculation, and this doesn't mean banks are behaving nefariously when investing other people's money.
Many states assumed to be "turning blue" actually get more migrants from red states than from blue states. It's also a bad idea to assume that everyone who moves from Illinois agrees with the median voter from Chicago.
Taxes and Spending
Usually, in the marketplace, the billionaire gets his billions when he provides a service that enormous numbers of people are willing to voluntarily pay money for.
Today would have been the 90th birthday of Burt Blumert, a key figure in the modern libertarian movement.
100 years ago, coordination among central banks was engineered to speed up the renunciation of the gold standard, and greatly enlarge the freedom of all central banks to inflate money supplies.
A slowing in the growth of the money supply is only a problem when that money is created "out of thin air."
A female flute player thinks only sexism can explain why she's paid less than a male oboist. But it turns out playing the oboe isn't the same job as playing the flute — and wages reflect this.