Source: Common Dreams
by Claude H Miller
“Military threats move markets before they move armies. Announce a massive strike against Iranian oil, military, and infrastructure sites, and traders will immediately begin pricing in damaged production, regional retaliation, interrupted shipping, higher insurance costs, and possible disruption of the Strait of Hormuz. No missile needs to be launched. The announcement itself can add a substantial geopolitical premium to every barrel of oil. Cancel the attack a few days later, however, and much of that premium may disappear just as quickly. … for someone possessing advance knowledge of both the threat and its prearranged cancellation, the same sequence could provide an extraordinary opportunity to profit from a government-created price movement in both directions.” (08/03/26)
https://www.commondreams.org/opinion/how-to-make-money-on-war-with-insider-information
Source: US News & World Report
“A federal judge is allowing the Department of Homeland Security to go ahead for now with plans to build a border wall through a levee system protecting a small Texas town on the border with Mexico, rejecting arguments by the town that the wall could lead to flooding. The decision late Sunday marks a victory for the Trump administration as it races ahead with efforts to build a $46 billion wall along the U.S.-Mexico border from the Pacific Ocean to the Gulf of Mexico. The town of Presidio, with a population of about 3,200 people, argued the wall could cause flooding and that the administration isn’t following the law as it rushes forward with its plans. The town’s development district sued earlier this year to stop the department from going forward with construction.” (08/03/26)
https://www.usnews.com/news/politics/articles/2026-08-03/a-federal-judge-lets-dhs-proceed-with-a-border-wall-through-a-small-texas-towns-levee-system
Source: The Liberty Dad Podcast
“Can Libertarian Ideas Work (Answering Critics).” (08/03/26)
https://x.com/i/broadcasts/1MJgNNBkrMmGL
Source: Underthrow
by Max Borders
“To be college-educated about the West in 2026 is to have great works run through some combination of critical theory, identity politics, and post-colonial studies—the teeth used to chew our identity and our ideals. (Thankfully, there is a group of insurgents keeping the best of the West alive online, though one has to learn to separate signal from slop.) Now, if you were to ask me what the most important work of the Western canon is to our sense of shared identity, it is surely the Exodus story. That story has interesting and important details. It’s full of symbolism, yet it is also based upon peoples and cultures that once lived to tell the tale. But I want to do something risky with Exodus.” (08/03/26)
https://underthrow.substack.com/p/the-universal-exodus
Source: Common Dreams
“The California Democratic Party on Sunday endorsed a state ballot measure that would impose a one-time, 5% wealth tax on billionaire residents, a popular initiative that has drawn opposition from Democratic Gov. Gavin Newsom and ultra-rich corporate executives who are spending big to defeat it. California Democrats’ executive board voted 145-90 on Sunday to endorse the billionaire wealth tax, which will appear on the November ballot as Proposition 40. The Sacramento Bee reported that ‘delegates and observers erupted into cheers’ following the vote, which barely cleared the 60% threshold needed for a formal endorsement. Dave Regan, president of SEIU-United Healthcare Workers West, the union leading the campaign for the ballot initiative, said the California Democratic Party’s endorsement of the proposal ‘puts to rest the idea that California Democrats are not united by the billionaire tax; they are’.” (08/03/26)
https://www.commondreams.org/news/california-democrats-billionaire-tax
Source: Cato Institute
by Doug Bandow
“If Washington is good at anything, it is self-celebration. Those who dominate the city constantly remind the public, especially those who live in the great beyond, the ‘flyover country’ between the coasts, of the eternal wisdom, dedication, genius, and goodness of those who have successfully climbed the capital’s well-greased pole of political rule. Never is the shameless hypocrisy on greater display than during the funerals of those who did the most to sacrifice the interests of the Americans who lack genuine representation in Washington. Such was Tuesday’s commemoration of the passing of Sen. Lindsey Graham (R‑SC).” (08/03/26)
https://www.cato.org/commentary/washingtons-unseemly-celebration-lindsey-graham
Source: EconTalk
“The Political Economy of Palestine (with Hussein Aboubakr Mansour).” (08/03/26)
https://www.econtalk.org/the-political-economy-of-palestine-with-hussein-aboubakr-mansour/
Source: Reason
by JD Tuccille
“Making an enemies list is creepy. Publishing the names of people you dislike to fuel political supporters’ prejudices is even creepier and potentially dangerous. That’s what New York City Mayor Zohran Mamdani’s administration has done with the introduction of a property tax surcharge on relatively high-value second homes linked to a searchable online database of those who could be affected. The socialist mayor’s defenders point out that tax and property information is a matter of public record in New York, but the packaged publication of surcharge targets and Mamdani’s history of calling out opponents by name suggests something nastier is going on.” (08/03/26)
https://reason.com/2026/08/03/mamdanis-tax-database-doxed-wealthy-new-yorkers/
Source: American Greatness
by Stephen Soukup
“A long, long time ago (27 years, to be exact), my boss (the inimitable Mark Melcher) and I predicted that the European Monetary Union would be the death of the EU. The Euro, we wrote for our clients at a now-defunct big brokerage house, would be a disaster and would destroy everything that the post-war Europeans had spent the previous several decades working to build. Specifically, we wrote: ‘Psst! You wanna know a secret? The Euro, and the mess it represents, is going to be a social, economic and political catastrophe. Indeed, we think it is probable that the adoption of the Euro will be to 21st century Europe, what the killing of the Archduke Franz Ferdinand was to 20th century Europe …” (08/03/26)
https://amgreatness.com/2026/08/03/the-eu-and-the-iron-law-of-oligarchy/
Source: SFGate
“Two Republican senators who threatened to block acting Attorney General Todd Blanche’s confirmation to lead the Justice Department said Monday that they will support his nomination, ending an impasse over plans to create a fund to compensate allies of President Donald Trump. The endorsement from GOP Sens. John Cornyn and Thom Tillis paves the way for the Senate Judiciary Committee to advance Blanche’s nomination on Tuesday after the Justice Department and lawmakers reached a deal to formally rescind the $1.8 billion ‘Anti-Weaponization Fund’ proposed to settle Trump’s lawsuit against the Internal Revenue Service. Cornyn and Tillis had refused to back Blanche’s bid for the permanent post without official confirmation killing the fund meant to compensate people who believe they were unfairly prosecuted by the Justice Department.” (08/03/26)
https://www.sfgate.com/news/article/blanche-rescinds-fund-for-trump-supporters-after-22371121.php