“Unfortunately, President Trump listened to the neocons and Benjamin Netanyahu instead of his MAGA base and other voices of caution as he launched a surprise attack on Iran over the weekend. For the second time in nine months, the US Administration used negotiations with Iran as a cover to launch a pre-planned attack.” (03/04/26)
Source: Ludwig von Mises Institute
by Andy Fischer
“A growing chorus of technologists and futurists now argue that scarcity is ending. Artificial intelligence will automate cognition. Robotics will automate labor. Energy capture will scale beyond planetary limits. Manufacturing will approach zero marginal cost. In this telling, the central economic problem that has defined human civilization for millennia is dissolving. This essay accepts the rise of abundance. The empirical case is strong. Real prices for lighting, calories, communication, and computation have collapsed over centuries. Extreme poverty has fallen dramatically. Automation continues to erode historically-binding constraints. But, from this undeniable progress, a stronger claim is often made: that scarcity itself will disappear. That claim is not bold, it is confused. Scarcity is not primarily a supply shortage, it is the structural condition of action under constraint.” (03/04/26)
“In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds. Judge Richard Eaton of the U.S. Court of International Trade wrote that ‘all importers of record’ were ‘entitled to benefit’ from the Supreme Court ruling that struck down sweeping double-digit import taxes President Donald Trump imposed last year under the 1977 International Emergency Economic Powers Act (IEEPA). The Supreme Court found those tariffs to be unconstitutional under the emergency powers law, including the sweeping ‘reciprocal’ tariffs he levied on nearly every other country. The majority ruled that the president could not unilaterally set and change tariffs because taxation power clearly belongs to Congress.” (03/04/26)
Source: The American Conservative
by Branko Marcetic
“Trump has effectively put himself into a trap. On the one hand, Iran is determined to inflict pain on the United States and refuses to negotiate again, which means he cannot easily pull out without both personally looking weak and making the United States as a whole appear to have suffered a defeat. On the other hand, the longer the war goes on, the more Americans will die, the more the economy comes under strain, and the greater the likelihood that he is pressured into the politically toxic move of sending in ground troops or otherwise escalating U.S. involvement. In other words, to salvage his presidency in a year where many Republicans’ political futures are tied to his, Trump needs a way out of the war that will let him save face while also letting the Iranians claim a victory. This week’s War Powers Resolution vote offers exactly this chance.” (03/04/26)
“Bitcoin hovered near $72,500 as U.S. spot bitcoin ETFs logged about $155 million in net inflows on Wednesday, extending a two-week run of roughly $1.47 billion in new allocations. … Institutional demand through ETFs has begun to stabilize after a difficult start to the year. Investors have poured roughly $1.7 billion into U.S. spot bitcoin ETFs since Feb. 24, according to Bloomberg Intelligence data previously reported by CoinDesk, suggesting some investors are growing more comfortable that the market may have found at least a near term floor.” (03/05/26)
“I don’t fear your liberty. Since liberty is the freedom to do everything you have a right to do, and nothing you have a right to do can violate me (or anyone else), I want you to exercise your rightful liberty every day of your life, all the time, without the fear of legislation enforcers and freelance creeps trying to stop or punish you. Then, I want the same for myself. I wish more people felt as I do. The world would be a better place if that were the case. If you are free to exercise your liberty, you’ll probably be happier. You’ll definitely be more mature and responsible. If not at first, soon. You’ll learn. People can’t learn to be responsible while being treated like children under the fist of an abusive parent.” (03/04/26)
“A U.S. submarine sank a prized Iranian warship by torpedo, the first such sinking of an enemy ship since World War II, Secretary of War Pete Hegseth said Wednesday morning. … The flagship was named for Qasem Soleimani, an Iranian military officer who served in the Islamic Revolutionary Guard Corps who the U.S. killed in a January 2020 drone strike during President Donald Trump’s first term.” (03/04/26)
Source: Future of Freedom Foundation
by James Bovard
“Phony piety has long been one of America’s top political exports. President Barack Obama, in a 2015 speech to the African Union, the organization of the African heads of state, derided nations that institute ‘democracy in name, but not in substance.’ But Obama’s finger wagging could not expunge how the U.S. government had long propped up Africa’s most oppressive governments. In the 1990s, Africa saw a surge of democracies in areas that for centuries had known little except kings, tyrants, or colonial conquerors. While democracy is often touted as the best way to strengthen civic bonds, representative government has too often been a horror show in Africa.” (03/04/26)
“A bicycle doesn’t require a license, registration, insurance or fuel. You don’t need an app or a subscription. You just get on and go. In an era when your car can track where you drive and report it to your insurance company, the freedom a bicycle offers is appealing. It is a form of transportation available to children, grandparents, minimum-wage workers, and anyone with legs and a sense of balance. Bicycles offer genuine freedom of movement in a world that offers less of it every year. E-bikes extend that freedom. Those who can’t manage hills anymore can ride again. Someone who lives a little too far from work for a regular bike suddenly has another option for the commute. E-bikes make the world bigger for more people. But policymakers are hard at work designing regulations that curtail this freedom.” (03/04/26)
