“Who has power over your online speech? Ask most Americans that question, and they are likely to name tech giants like Meta, our elected representatives or federal agencies. Hopefully, some would mention our Constitution. But few would agree to the idea that unelected bureaucrats in Europe can control what Americans see or say online. Yet that is increasingly a reality — and one that Elon Musk and X are challenging with a new lawsuit at the General Court of the European Union.” (03/31/26)
“Italy last week denied permission for U.S. military aircraft to land at the Sigonella air base in Sicily before heading to the Middle East, sources said on Tuesday, because Washington had not sought prior authorisation from the government in Rome. According to the Corriere della Sera daily, which first reported the news, ‘some U.S. bombers’ had been due to land at the base in eastern Sicily before flying on to the Middle East, where the United States is at war with Israel against Iran. The report did not specify when the aircraft were due to land but said permission was denied because the U.S. had not requested clearance and Italy’s military leadership had not been consulted, as required under treaties governing the use of U.S. military installations in the country.” (03/31/26)
“America is three months away from the 250th anniversary of the Declaration of Independence, and President Donald Trump is claiming it as his own, with Semiquincentennial dollar coins featuring his image and dollar bills bearing his signature. But while Trump exploits America’s birthday for further self-aggrandizement, he should read the document we are ostensibly celebrating. If he bothers, he will find the king from whom America’s founders were declaring independence was behaving in very familiar ways.” (03/31/26)
“By hiking its hotel tax to 19 percent, Chicago is funding marketing meant to draw visitors — but higher costs are likely to deter the very tourists it hopes to attract.” (03/31/26)
Source: Ludwig von Mises Institute
by Lucas Peters
“The ongoing destruction of the world’s largest natural-gas reservoir at South Pars and Qatar has produced exactly what Austrian economics predicts: sudden, irreplaceable capital destruction followed by a violent supply shock. Oil has spiked, European gas prices have jumped, and the Strait of Hormuz is now a flashpoint. Everyday Americans already face higher gasoline, heating, trucking, and grocery costs; businesses confront malinvestment cascades; and central planners are salivating over the opportunity to impose rationing, digital IDs, CBDCs, and ‘energy lockdowns.’ This is not mere geopolitics; it is state warfare smashing the capital structure and then using the resulting artificial scarcity to expand control. From a strict libertarian and Austrian standpoint, two interlocking ideas cut through the chaos and point to the only workable solution today: immediate, total disentanglement from the conflict, and uncompromising reliance on free-market prices, sound money, and voluntary exchange instead of any form of central planning.” (03/31/26)
“It’s my weekly visit with Eric Peters from Eric Peters Autos. Now more than ever, Eric is a voice of reason in a culture that is drifting dangerously close to the edge.” (03/31/26)
Source: Foundation for Economic Education
by Mani Basharzad
“Each year after the Nobel Prize announcements, laureates, who are among the greatest minds of their generation, gather and shape a broader intellectual conversation. At this year’s gathering, a Nobel laureate in physics posed a question to the economic laureates: ‘Can we grow without limit? What about finite resources?’ He added, ‘At some point, must we also modify this growth system — which wants to consume more and more of the Earth’s resources?’ To answer this question, we need to go back to a bet made about humanity’s fate in 1980. Economist Julian Simon and biologist Paul Ehrlich made a wager about the future of humanity. At the heart of the bet was a simple question: Would population growth lead to resource scarcity and human decline, or to greater prosperity and innovation?” (03/31/26)
“American taxpayers could be forgiven if recent events have left them wondering why the largest and most expensive Navy in the world is sitting well outside the Strait of Hormuz, watching powerlessly as the Iranians decide which ships they will allow to transit the waterway. After all, they must wonder, why can’t the Navy simply blast the Iranians away and re-open the strait, sending life and the global economy back to normal? Alas, the days of omnipotent U.S. sea power as a power projection instrument close to well defended shorelines are coming to an end. This change raises questions about the future of navies and the wisdom of investment in these extremely expensive instruments of national power.” (03/31/26)
