Source: Foundation for Economic Education
by Man Basharzad
“The mindset that governments must immediately regulate AI may prove more dangerous than AI itself. Markets generally adapt to technological change. When genuine market failures emerge, there is a case for government intervention. But where, exactly, is the market failure in AI today that demands immediate regulation?” (08/12/26)
“Lebanon’s parliament has approved a general amnesty law that is expected to benefit thousands of convicted prisoners, detainees and wanted people. The legislation passed Wednesday in a ‘show-of-hands vote’, reported Lebanon’s official National News Agency. It is the first law of its kind since 1991. … Long demanded by numerous Lebanese political factions, the amnesty law aims to reduce overcrowding in prisons, where many inmates await trial for years. However, it has faced backlash from some family members of Lebanese soldiers and servicemen killed in attacks, who fear the perpetrators could receive undue leniency.” (08/12/26)
“By focusing on Hume’s ideas about why we enter association and follow norms, [Max] Skjönsberg nicely puts in relief how Hume’s theory of historical association differs from the rationalism of the social contract theories of Hobbes and Locke: a motif of slow, uncertain growth marks Hume’s idea, whilst the mood of a blueprint marks social contract theory. Skjönsberg’s portrait also delivers a populist Hume which, I think, is something of a mischaracterization. Like other members of the Scottish Enlightenment, Hume makes establishment basic to governance.” (08/12/26)
Source: Niskanen Center
by Amanda Patarino, Ross Apter, Jacqueline Maffucci, & Luca Giobbio
“It has been said that Congress is not one institution but ‘535 small businesses.’ When you add the dozens of congressional committees, there is no one standard operating procedure for legislative work. That’s particularly true when it comes to writing legislation that delivers intended outcomes. Certainly, marshalling the support to get a bill through the committee process with sufficient backing to carry it through final passage and signed into law are baseline metrics for legislative success. But if the purpose of legislation is to get policy implemented successfully, then the political process is just the start. No less important, if much less visible, is writing legislation that actually enables outcomes.” (08/12/26)
“When Russian authorities registered Yabloko for the parliamentary ballot in late July, the Kremlin’s thinking was not hard to read. After all, it had everything under control: the media, the electoral commissions, the repressive apparatus of the state. Why not allow an anti-war party on the ballot, announce its official result at 2 percent, and show to the world that — as Putin had said so many times — the Russian people overwhelmingly back his war in Ukraine? But things began to go wrong. What the regime failed to grasp was that Yabloko was no longer just a small liberal party ….It was now the only avenue for Russian citizens to express opposition to the war. They seized on it. Yabloko exploded on social media, overtaking pro-Kremlin parties in the number of subscribers. … And Putin panicked.” (08/12/26)
Source: American Institute for Economic Research
by Dave Hebert
“Exploring how a popular phrase conflates monetary creation, accounting conventions, legal liabilities, and the economic nature of money itself.” (08/12/26)
“Russian President Vladimir Putin said on Wednesday that Russia will respond in kind if European countries seize ussian merchant vessels, the TASS state news agency reported. The comments come as the EU intensifies pressure on Russia’s so-called shadow fleet, expanding sanctions against hundreds of vessels and detaining some ships and their crews for checks. Some European governments have said they are exploring tougher maritime enforcement measures against ships suspected of sanctions evasion.” (08/12/26)