“Four people were killed and nearly 900,000 customers were without power after Isaias roared ashore near Destin, Florida, late Friday night as a Category 2 hurricane, packing wind gusts over 100 mph and a storm surge of up to six feet. A wind gust of 117 mph was recorded in Pensacola Beach, Florida, while nearby Santa Rosa Beach experienced a gust of 116 mph. The ferocious winds drove power outages for hundreds of thousands across Florida, Alabama and Georgia, according to poweroutage.us.” (10/10/26)
“Let us imagine, just for a moment, that this climate change thing is really big and important. So much so that we’re going to subsidise people moving from internal combustion engines over to electric vehicles. No, no, don’t worry about whether all that is true or not, necessary or a good idea. That’s just the set up. We’ve got to shift that transport sector and we’re going to do it via subsidy. ‘Andy Burnham is preparing to raise tariffs on Chinese electric cars as part of a closer relationship with the EU.’ … The answer to climate change is that we both subsidise electric vehicles and also that we tax electric vehicles at a rate of 45%. That the political process would even consider this – this before how we all know there will be those who think it a good idea – shows, precisely, why politics and good economics just do not mix.” (10/09/26)
Source: Ludwig von Mises Institute
by Joshua Mawhorter
“The masterful socialist strategy is to present only the benefits of their policies with no (or almost no) costs, and then assert that the consequences of state intervention are actually the costs of free-market capitalism. Ironically, however, the socialists need the genuine production and exchange from some degree of market capitalism in order to give anything to anyone. What does not exist or is not possessed cannot be given.” (10/09/26)
“For the ancients, thymos always had to cede to reason to be exercised properly, and always, as for every virtue, in moderation. The consequences of unrestrained thymos could be disastrous, as Socrates taught, and Alcibiades, who rashly got Athens into a war it could not win, proved. So no, the West is not defined by ambition, nor by ‘the unapologetic pursuit of national power.’ For most of the last two thousand years, after all, ‘national power’ did not exist. Christendom did. The West is defined by reason allied with Christianity, which eventually gave us the liberal order. Rubio wants to replace that with unconstrained passion allied with the will to power. God help us. But that just reveals how virulently anti-Christian the American right has now become.” (10/09/26)
“Economist Emily Eisner and former New York State Assemblyman Kenny Burgos debate the resolution, ‘Mayor Zohran Mamdani’s housing policies will make housing more affordable for most New York City residents.'” (10/09/26)
Source: Foundation for Economic Education
by Marta Roels
“At the turn of the century, Italy was a G7 industrial power, admired for its fashion, automobiles, machinery, food, and design. Since then, a rigid labor market, complex taxation, slow courts, small family firms, heavy public debt, demographic decline, and the constraints of the euro have combined to undermine growth. Italy has not dramatically collapsed; it has lost time. Between 2000 and 2022, Italian labor productivity fell by roughly 4%, while the EU average rose around 20%.” (10/09/26)
