The Great Income Tax Swindle
You’ve probably never heard of Gregor MacGregor. Yet he carried out what might be the biggest investment fraud in history. A Scottish solider and adventurer, he travelled to England in 1820 seeking settlers for Poyais, a new island colony he’d established in Central America.
The Vulture Funds Rescuing Italy
I like what I’m seeing in Italy. An Italian bank is selling off a loan portfolio for €3.1 billion. Somebody is getting a bargain. The face value of[...]
Is This the Moment of Truth?
One of the most famous passages in American literature occurs in Chapter 13 of Ernest Hemingway’s The Sun Also Rises. It takes place in a café[...]