Will the cronies lose? Will Britain vote for Brexit? Will the UK leave the European Union? Will sanity win?

Lord, we certainly hope so. Britain should run at a deliberate pace away from Brussels and never look back. Never look back.

Be friendly with Europe. Do business with Europe, (they want to do business with you) but know that you are better Britain, our friend, as a sovereign state.

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How the West (and the Rest) Got Rich

I find it funny (and terribly sad) that so many supposedly informed and educated people don’t understand what a miracle capitalism (and the Western tradition, including English common law) truly is. Many of us, perhaps most of us wouldn’t even be alive today if it was not for the concepts which spread from northwestern Europe, to North America, and then beyond. We live in amazing wealth. Even the poor in the West have amazing wealth relative to the poor throughout history and relative to parts of the world where commerce is stifled by statism,

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Chicago’s Pension-Fund Woes Just Became $11.5 Billion Bigger

The folks in Washington are trying to bail out Puerto Rico with taxpayer money. Watch, as Illinois and other states and cities with massive government sectors and high taxes continue to crumble they will start agitating for their own bailouts. Again I say it’s time to consider carving out the big cities. They seem to hold the rest of the country in contempt anyway. I say let the big government islands bail themselves out if they fail to come to terms with fiscal reality.

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Panama Papers: Communist Cuban Officials Also Owned Offshore Firms

This should surprise no one. Socialism is inherently crony.

Hugo “Sr. Bolivarian Revolution” Chavez has a daughter who somehow became a billionaire. According to an old Anthony Bordain episode I watched last night Daniel Ortega in Nicaragua is worth hundreds of millions of dollars. The Castros are sitting pretty. As was the now disgraced and deposed former president of Brazil Dilma Rouseff.

The state is a great way to steal.

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Did Paul Ryan just agree to a bailout of Puerto Rico?

As we’ve said before Puerto Rico is Detroit with palm trees. Its massive patronage system, its army of “public” employees and big government generally bankrupted the island. Now the Dems want the government employees to get the pensions for which there is no money, all the while stiffing the people who lent Puerto Rico the money it now owes.

There are pretty much no good guys here. The government workers are to blame. The bondholders knew they were buying sketchy stuff but assumed they’d be indemnified.

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Socialismo: Live from Venezuela: Hyperinflation, Murder Capital of the World (VIDEO)

This is a unique dispatch. Anarcho-capitalists report from the heart of socialist Venezuela, a pretty risky endeavor.

The video is raw. Much of it is in Spanish. But this is real on the ground insight. The guy doing this must be a little bit nuts – thankfully. Kudos.

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Spain’s debt now worth more than value of the economy

This is the slow but steady decline of Europe over the last decade. Spain has felt much of the brunt. Not long ago the country was knocking on first tier European status. No longer. But at least Spaniards can find some (cold) comfort in the fact that “Europe” doesn’t end at the Pyrenees as the French used to say anymore. Now it ends, it seems, at the Belgian border.

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The Clinton Business Model . . .A case study in what to expect from a Hillary Presidency.

Many people in government, in the political class, think they can do this sort of thing forever. That in the end the voters either don’t understand, don’t care, or hopefully both. That in the end many voters will just vote for whatever candidate because that candidate is of the same party, or same gender, the same ethnicity or some combination. To date the American political class has been correct in its assessment.

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Socialism fails yet again in Venezuela: Looting breaks out as inflation rises, bread disappears

The French Revolution (and others) was tied to hyperinflation and a shortage of wheat. When people are hungry they get desperate. There is no reason why anyone should be hungry in Venezuela. It’s a verdant country. Yet the socialists have so mismanaged the economy that even here, in a veritable Garden of Eden, people are hungry. Even here, a country which sits on massive oil reserves nearly unrivaled in the world there is not enough energy to keep the lights on.

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The Brazilian Crony Scandal Takes Down the Socialist Prez, Dilma Suspended, Economy in Shambles, Olympics Only A Few Moths Away, Zika

That’s Dilma on the left.

Brazilian president and Marxist Dilma Rousseff has been suspended by the senate. Her crony dealings with Petrobras, the state controlled oil company, have found her (along with many other politicians in Brazil). And despite political bobs and weaves in the past few weeks she is now suspended for the duration of her impeachment trial. (Which likely means forever.) She has protested that the suspension constitutes a “coup.” But what else is she going to say?

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