“Yoweri Museveni has been sworn in as Uganda’s president for a seventh term at Kololo Ceremonial Grounds in Kampala, extending a rule that began in 1986 to at least 2031. The inauguration, themed ‘Protecting the Gains: Making a Qualitative Leap into High Middle-Income Status,’ came after Museveni secured 71.65 per cent of the vote in the January 15 general elections. His main challenger, Robert Kyagulanyi Ssentamu of the National Unity Platform, garnered about 24 to 25 per cent and rejected the results, citing electoral irregularities, intimidation and restrictions during the campaign period.” (05/12/26)
“It’s my weekly visit with Eric Peters from Eric Peters Autos. Come join our fellowship at the Church of the Painful Truth and find hope in these troubling times.” (05/12/26)
Source: Foundation for Economic Education
by Keli‘i Akina
“A new report from economists at the University of Hawai‘i makes a point that many of us have known all along: If we want to end the housing crisis, we need to build more homes. That’s because each new unit creates a chain of housing openings. A family that moves into a new house leaves behind an older one that is slightly less expensive, which another family moves into, freeing up another home at a lower price point, and so on. This is often referred to as a ‘filtering effect,’ and it’s not just an optimistic theory—research has revealed it to be true.” (05/11/26)
“As we enter another Cold War, we should prepare ourselves for the progressive critics who eagerly allege hypocrisy when democratic powers support non-democracies. In the Free World’s first struggle against a global communist power, the Soviet Union, American statesmen often made the prudential decision to support authoritarian leaders whose interests aligned with America’s. As American statecraft navigates the sequel to that struggle, Hamid’s [book The Case for American Power] is the first of likely many more to critique an American foreign policy that does not have a default preference for democracy.” (05/11/26)
“It has become commonplace to dismiss concerns about soaring government debt as much ado about nothing—a modern case of the boy who cried wolf. Indeed, voters have cycled through catastrophic warnings about runaway deficits as far back as the Reagan administration, the 1992 Ross Perot presidential campaign, the mid-1990s ‘Republican Revolution’ in Congress, and the early-2010s Tea Party era. And yet, continually rising budget deficits have not brought a debt crisis. Instead, hysterical deficit concerns have been cynically deployed by minority parties to attack the agenda of the party in power—right before they seize power and start running up deficits of their own.” (05/11/26)
Source: Students for Liberty
by Oscar Mario Tomianovic Parada
“Central bank independence has become one of the basic benchmarks of any liberal democracy today. The notion of separating decisions on monetary policy from the hands of elected politicians is relatively recent. Yet it has spread so widely that we now tend to take it for granted. This widespread acceptance, however, leaves several important questions unanswered: what exactly is central bank independence, and why does it truly matter?” (05/11/26)
“Trump pardoned a right-wing authoritarian convicted of cocaine trafficking, apparently to reinstate him to power in Honduras and undermine left-wing governments in Mexico and Colombia. So why isn’t America media covering it?” (05/11/26)
“Japan’s top maker of snacks has landed on a creative solution to conserve oil-derived input materials: it will switch its brightly coloured packaging to black and white. In an eye-catching move, Tokyo-based Calbee on Tuesday said it would temporarily use only two ink colours on 14 of its products including its Potato Chips, Kappa Ebisen snacks and the Frugra breakfast cereal. Products with the revised packaging will hit store shelves from May 25, it said. … Japanese companies have lately sought to minimise the impact of rising costs and input material shortages even as the government seeks to reassure the public and businesses over supplies. Printing ink requires naphtha, an oil derivative for which Japan relies on imports from the Middle East for about 40% of its consumption.” (05/11/26)
