Source: Adam Smith Institute
by Tim Worstall

“It’s the original purchases that are costing the taxpayer money …. the loss was baked in when the Bank of England bought all those bonds back when. Buying gilts with 1/2% and the like coupons just was/is going to lead to a loss. A loss that can be taken in one of two ways but a loss which is going to be taken in one of those two ways. … The loss comes from having done Quantitative Easing, not from the clean up that is Quantitative Tightening. Sorry, there is no free money.” (06/10/26)

https://www.adamsmith.org/blog/bank-of-england-bond-sales-dont-cost-taxpayers-anything

Source: The American Prospect
by Bryce Covert

“It was February in Minneapolis, Minnesota, and Maria Gonzalez was leaving her hotel cleaning job. Thirty minutes later, a co-worker uploaded a video in their group chat that showed ICE agents storming the hotel and searching for Latino people as part of Operation Metro Surge. They eventually grabbed three of her colleagues and took them away; she believes that, had she still been at work, she likely would have been detained. … The hotel business tends to be weak in winter months, she said, but it nosedived starting in December as the surge began, which meant she was called in to work less. Then a week after the hotel incident, ICE showed up at her own door while she was at home with her husband and two teenage children, pounding and kicking it, demanding to be let in.” (06/10/26)

https://prospect.org/2026/06/10/ice-occupation-minneapolis-still-wreaking-economic-carnage/