The Editors’ Quote of the Day:

“Through the ages, the principle of financial leverage has been both used by many and abused by the wealthy and powerful in society. The seduction of leverage is strong, in that it makes the difficult appear easy and the impossible seem within reach. It brings the illusion of equality between the wealthy man and the common laborer in the land of finance. You can think of leverage a drug, and an addictive one at that.” – Karl Denninger, from Leverage: How Cheap Money Will Destroy the World




The Editors’ Quote of the Day:

“In the end of the sabbath, as it began to dawn toward the first day of the week, came Mary Magdalene and the other Mary to see the sepulchre. And, behold, there was a great earthquake: for the angel of the Lord descended from heaven, and came and rolled back the stone from the door, and sat upon it. His countenance was like lightning, and his raiment white as snow: And for fear of him the keepers did shake, and became as dead men. And the angel answered and said unto the women, Fear not ye: for I know that …













The Editors’ Quote of the Day:

“What’s the use of fleeing to the United States if MS-13 murderers can simply follow in the victims’ wake? As someone noted on Twitter, ‘If America is to be a place of asylum then there has to be a way to discriminate between those who flee danger and those who are the danger. The border is the only place for that to happen.’ Walls will eventually be understood as places where information can be intelligently applied. They can make it difficult for any high-ranking Third World official to move themselves, their money, or their families to the West unless specially …







The Editors’ Quote of the Day:

“This has happened many times before, and is part of a predictable cycle. As I show in my new book Socialism: The Failed Idea That Never Dies, socialist projects always go through honeymoon periods, during which they are enthusiastically endorsed by Western intellectuals. But since socialist policies generally lead to economic failure, and sometimes even political repression, those honeymoon periods typically don’t last for more than a decade. Then these foreign example fall out of fashion, and get retroactively reclassified as counterfeit socialism. The USSR, North Vietnam, Cuba and Maoist China all functioned as utopias du jour. In the 1970s, …




The Editors’ Quote of the Day:

“And when the day of Pentecost was fully come, they were all with one accord in one place. And suddenly there came a sound from heaven as of a rushing mighty wind, and it filled all the house where they were sitting. And there appeared unto them cloven tongues like as of fire, and it sat upon each of them. And they were all filled with the Holy Ghost, and began to speak with other tongues, as the Spirit gave them utterance. And there were dwelling at Jerusalem Jews, devout men, out of every nation under heaven. Now when this …




The Editors’ Quote of the Day:

“Then sang Deborah and Barak the son of Abinoam on that day, saying, Praise ye the Lord for the avenging of Israel, when the people willingly offered themselves.Hear, O ye kings; give ear, O ye princes; I, even I, will sing unto the Lord; I will sing praise to the Lord God of Israel. Lord, when thou wentest out of Seir, when thou marchedst out of the field of Edom, the earth trembled, and the heavens dropped, the clouds also dropped water. The mountains melted from before the Lord, even that Sinai from before the Lord God of Israel. In …










The Editors’ Quote of the Day:

“Recession is coming. We can debate the timing, but the economy will turn decisively downward at some point. My own analysis, looking at the data available on April 4, says recession isn’t likely this year but unfortunately looks very probable in 2020. In addition to when it will happen, there’s also the question of how deep the next recession will be. A shallow downturn wouldn’t be fun, but compared to the last one might feel relatively refreshing. Alas, I don’t think we will be that lucky. I think the opposite: The next recession will be deeper, longer and far more …







The Editors’ Quote of the Day:

“The NSA has built an infrastructure that allows it to intercept almost everything. With this capability, the vast majority of human communications are automatically ingested without targeting. If I wanted to see your emails or your wife’s phone, all I have to do is use intercepts. I can get your emails, passwords, phone records, credit cards. I don’t want to live in a society that does these sort of things… I do not want to live in a world where everything I do and say is recorded. That is not something I am willing to support or live under.” – …