“I’m skeptical that term limits, as envisioned by their promoters, would do much to restrain or improve the quality of government, and as a political matter their opponents aren’t wrong when they point out that ‘we already have term limits, they’re called elections.’ … But if we want to give term limits a real try, I have some ideas on the matter. First, the limit should be one term. Second, the term should be fairly short — say, two years. Third, once a person has been elected to a particular office, that person becomes ineligible for election to any other office, and for employment by any branch of the government in question … ever, for life.” (06/23/26)
“Britain’s problems stem from no one being able to ever do anything. Therefore we’re short of things that have been done. Sorting this out so that more people can do more things seems sensible, for then we’d all enjoy more things that have been done. The New Manchesterism then suggests that government should do all those lovely long term things that markets can’t or don’t and thus will the land of milk and honey return. We do tend to think that the long term isn’t something that politics is going to look to. Not when a Prime Minister with a stonking majority gets – well, likely will – killed off by a chippy northerner after 2 years and how many days is it?” (06/23/26)
“SpaceX stock fell before the bell on Tuesday, set to pick up on a three-day run of losses after a massive run-up following its IPO earlier this month. The company also confirmed its first-ever bond issuance in a filing. Shares in the Elon Musk-led company pulled back nearly 3% in premarket, on the cusp of dropping below $150 apiece.” (06/23/26)
Source: Future of Freedom Foundation
by Jacob G Hornberger
“I’m always amused whenever I read some criticism of America’s ‘capitalist’ system by some leftist. Leftists rail against the evils of capitalism and cite American ‘capitalism’ as a prime example of such evil. I’m sure that such leftists are thoroughly confused when they encounter a libertarian. That’s because libertarians also condemn the economic system under which we Americans live. I’m sure that the leftists just don’t get it. How can a libertarian, they think, criticize and condemn America’s ‘capitalist’ system when libertarians are deeply committed to capitalism? The answer is very simple, but one that all too many leftists are loathe to consider: America doesn’t have a genuine capitalist system.” [editor’s note: Actually, it does. What it does not have is a free market system. There’s a difference – TLK] (06/23/26)
“Kansas City Mayor Quinton Lucas is talking in circles. The city is suffering under a $55 million operating deficit. The mayor pointed out in a 2023 budget letter that ‘The demands of a City this size in square miles and infrastructure age far exceed affordable options for residents and available resources.’ What to do? The answer is obvious: dedicate more public tax dollars to private corporations. And not just baseball, but women’s soccer, too! Kansas City leaders are once again proposing public subsidies for a sports facility.” (06/22/26)
“The view that an increase in the money supply could revive an economy is based on the idea that money transmits its effect through the aggregate expenditure. With more money in their pockets, people will be able to spend more and the rest will follow suit. Money, however, only enables one producer to exchange his produce with another producer.” (06/23/26)
“China has taken the world’s fastest supercomputer crown for the first time since 2017. LineShine from the nation’s National Supercomputer Center hit 2.198 Exaflops of performance, beating the previous champ El Capitan (1.809 Exaflops), located at Lawrence Livermore National Laboratory in the USA. Lineshine, a previously unlisted machine, is the first supercomputer to exceed two exaflops of ‘sustained double-precision performance using CPUs only,’ according to Top500.org. China’s new machine was able to beat its US counterpart despite technology embargoes because it doesn’t rely on GPUs like other leading models. Instead, it’s designed around a custom 304-core processor, with 13.79 million cores running at 1.55GHz and linked by a proprietary interconnect. It draws around 42.2 megawatts of power, for an efficiency of 52.07 Gigaflops per watt.” (06/23/26)
“It’s my weekly chat with Eric Peters from Eric Peters Autos. If you’re needing a quick reality supplement, this is an extra-strength dose, served up in less than 30 minutes.” (06/23/26)
