Source: Karl Dickey’s Freedom Vanguard
by Karl Dickey
“Here we are! We finally made it to $40 trillion in debt! Should we celebrate or hibernate? Congratulations, we are a debtor nation. I can tell you that those responsible for accumulating the nation’s massive debt care little; whether you are talking about the Republicans or the Democrats, they both agree on spending far more money than we have coming in. For all the talk of fiscal restraint, the spending continues, and we’re paying over $1 trillion per year just to pay the interest on the debt, not paying down the debt. This crowds out our ability to pay for necessary obligations, including Social Security, Medicare, and our nation’s defense.” (08/21/26)
“People conspire all the time. Firms collude. Politicians bargain behind closed doors. Militaries deceive their enemies. But other conspiracies are detected, or they do not last long. Why do some remain secret while others are revealed? A simple game theory model can help illustrate that the probability of a conspiracy being revealed depends on the number of independent choosing individuals whose cooperation is necessary, and the incentives those individuals face. The basic intuition of what makes it hard to keep a conspiracy a secret is not new. But there are interesting implications for institutional design.” (08/21/26)
“Dozens of coordinated arson and incendiary attacks across Thailand’s south left at least three people wounded and government property burned, the military has said. Multiple local government offices and several vehicles were damaged or destroyed in the 51 attacks late on Saturday, according to the military’s Internal Security Operations Command (ISOC). … Since 2004, a low-level conflict has simmered in the southernmost provinces of Buddhist-majority Thailand, killing more than 7,000 people, as rebels in the Muslim-majority region battle for greater autonomy. No group has claimed responsibility for Saturday’s attacks.” (08/23/26)
“A Trump-Kim summit would be a spectacle like no other. A carnival extravaganza with the Korean Peninsula holding center stage, and every handshake, expression, seating arrangement, and stray remark dissected by troupes of North Korea pundits across the world’s news networks. But like any great traveling carnival, a few days later ticket holders will be left with an uncomfortable queasiness and a sense that they’ve somehow been cheated. Spectacle, not strategy.” (08/21/26)
“Fourteen people were killed in military air strikes at a monastery in Myanmar early on Friday, opposition fighters and a local rescue worker have said. All of those killed were elderly and a number of monks were also injured, the rescue worker told BBC Burmese, adding that the site was struck twice. … Civilians had reportedly gathered at the site for a meditation retreat to mark Buddhist Lent. Myanmar’s military has not commented.” (08/22/26)
“President Donald Trump has urged a federal judge to reject the BBC’s request for the court’s help in securing testimony and documents from three family members in response to his $10 billion [frivolous] defamation lawsuit against the British broadcaster. The BBC is trying to gain ‘politically-driven leverage’ over Trump by serving subpoenas on daughter Ivanka Trump, son-in-law Jared Kushner and son Donald Trump Jr., personal lawyers for the Republican president argued in a court filing Friday. U.S. District Judge Jeffrey Kuntz in Miami did not immediately rule on the dispute.” (08/22/26)
Source: Ludwig von Mises Institute
by Joshua Mawhorter
“Many mistakenly assume that, on a free market, high barriers to entry and start-up costs so privilege the monopolistic incumbents that it would be virtually impossible for other firms to compete. In such an environment, competition is said to either be improbable or impossible, or—where competition could presumably exist—it is said to be inconvenient or duplicative. Hopefully the reader can see the question-begging in such claims and how the conclusion is presupposed against competition—there is either said to be no competition or there is said to be too much competition. Thus, the public goods argument for ‘public utilities’ and the myth of ‘natural monopoly’ combine to argue that the state ought to provide certain services to prevent market failure and monopoly.” (08/21/26)
