“I think Trump realizes that both the U.S. economy and the world economy will be greatly damaged and possibly go in to a major recession if the war is not ended very soon. JP Morgan Chase CEO Jamie Dimon said it ‘will be worse than people think.’ The President seems to be trying very hard to reach an agreement, but he knows Israel wants to go in the other direction and escalate the war even further. And he knows the Israel Lobby has almost total control of the Congress and will go along with Netanyahu no matter what.” (05/06/26)
“Uganda’s parliament passed legislation to curb alleged foreign influence after scaling back proposed restrictions on funding from abroad that the central bank governor said risked ‘economic disaster.’ The proposal, entitled ‘The Protection of Sovereignty Bill,’ was adopted late on Tuesday and now awaits the signature of President Yoweri Museveni. Museveni, who has been in power since 1986, and allies in the ruling party regularly decry outside influence in Uganda, accusing domestic political rivals of receiving funding from abroad and pushing foreign agendas such as LGBTQ rights. Several Ugandan opposition parties have traditionally received some of their funding from outside the country.” (05/06/26)
Source: Ludwig von Mises Institute
by David Gordon & Roger E. Bissell
“Libertarianism has no ‘fixed philosophical essence,’ [Matt] Zwolinski says, or you wouldn’t have seen the drastic swings in how the term was applied between Déjacque’s anarcho-communism of the 1850s and Leonard Read’s free markets and limited government of the 1950s, let alone the present-day. There simply has never been a permanent, stable paradigm of liberty. Yes, an apparent consensus was arrived at in the 1970s in the ‘rights-based free-market’ views of Robert Nozick, Ayn Rand, and Murray Rothbard — which Zwolinski also tellingly labels as rationalist and absolutist. (Code-word alert: he means unempirical and dogmatic, which are bad things, unlike the empirical and flexible approach he favors.) But this was more of a historical accident, or perhaps a breathing spell, before society in general and libertarian theory in particular began a steady unraveling and loss of cohesion.” (05/05/26)
“No matter how you slice it, the U.S. government has a major fraud problem. The federal government’s watchdog agency, the General Accounting Office (GAO), estimates that about half a trillion dollars will be lost to fraud this year. Let’s put that number a little differently. In February 2026, just three months ago, the Congressional Budget Office projected the U.S. government would spend a net total of $7.448 trillion this year. Half a trillion dollars is about 1 out of every 15 dollars the federal government will spend in 2026. The GAO says Washington, D.C.’s politicians and bureaucrats might as well just flush that money down a bottomless sewer. Why not? If they did, they would have just as much to show for it.” (05/05/26)
“Democrat Chedrick Greene is projected to win the special state Senate race in Michigan, according to Decision Desk HQ, preserving his party’s narrow majority in the chamber. With Greene’s projected victory in the 35th District, Democrats’ advantage expands from 19-18 to 20-18, easing their path to advance legislation. Democrats won a governing trifecta in 2022, taking control of the governorship and both chambers of the state legislature. But the party lost the state House in 2024 and has held a one-seat majority in the Senate since.” (05/05/26)
“Trump’s famous claim that he could ‘shoot somebody’ on Fifth Avenue and not lose any voters, may have been hyperbole. But it’s not crazy to think he wouldn’t lose as many voters as he should. In the film [A Face in the Crowd, Lonesome Rhodes implodes when Americans encounter his off-air persona. The key to Trump’s success is that he ran as his off-air persona. Why people love that persona is a complicated question. Among the many complementary explanations is that he comes across as authentic, and some people value authenticity more than they value good character, honesty or competence. This is not just a problem for Republicans.” (05/05/26)
