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July 30, 2025 45 mins
  • General Motors has a long and interesting history.
    • It has been hurt by tariffs, but sales did benefit as customers rushed to beat the tariffs.
  • Women are twice as likely to be raped in the UK and Sweden than they are in the US.
    • And a hundred times more likely than in Japan.
  • Chipotle is a fast casual restaurant whose sales have been going in the wrong direction over the last year.
    • A quick look back.
  • Americans are going to the movies a lot less than they were pre-COVID.
    • Higher ticket prices are helping to offset some of the decline.
  • In Financial Ructions:
    • We look at how since 1961, taxation in Canada has grown faster than any other form of expenditure.
      • Surprise, surprise.
    • Then we look at how there is one thing in Canada that has grown faster than taxation.
      • And that is government spending.
    • And no.  Canada does not have more runway than other countries in terms of deficit spending and debt to GDP.
      • Runway implies no negative effects and from that perspective they all ran out of runway a long time ago.
        • All western economies are already suffering enormously from runaway government spending.
    • And it’s getting worse.
  • In our book review of The Way the World Works,
    • We look at how lower taxes contributed to the Roaring Twenties.
      • And how the tariff tax of Smoot Hawley helped end them.
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