Source: The Daily Economy
by Logan Tantibanchachai
“Individual liberty is an essential feature of the constitutional order, not a competing good. To claim otherwise, critics must reject or rewrite our Founding.” (08/27/26)
“Are the externalities of airports positive or negative? If you base your answer on NIMBY complaining, the answer is obviously negative. Above all, there’s the noise. The deafening sounds of take-off and landing bedevil everyone who spends time near the airport. On top of that, there’s daily traffic. Not every airport is LAX (in fact, only LAX is LAX), but congestion is a common bonus burden on locals. Renters, to be fair, don’t really suffer on balance. They get compensated for the noise and traffic with lower rent. Local workers, too, receive extra pay to compensate them for their suffering. The main victims of the externalities, then, are property owners. Living right next to an airport typically depresses their property values by 5-15%, a major hit to their net worth.” (08/27/26)
“With the United States unable to militarily defeat Iran in President Donald Trump’s illegal US-Israeli war of choice, Treasury Secretary Scott Bessent on Monday escalated the administration’s economic attacks on Tehran, warning countries and companies around the world that continuing to do business with the nation could expose them to punitive sanctions. … While Bessent did not say which countries would likely be targeted, China, Türkiye, and the United Arab Emirates are Iran’s biggest trading partners. The secretary was also asked why sanctions aren’t being imposed immediately. ‘Well, we are giving everyone the opportunity to remedy bad behavior,’ he replied. ‘Why would I want to blow up the global financial system?'” (08/27/26)
“Humanity’s relationship with its mechanical helpers has always been a little bumpy. In a production of Lohengrin, the celebrated tenor Leo Slezak was supposed to climb onto a swan during his dramatic farewell. At one performance, the contraption departed without him. Slezak turned to the audience and asked: ‘When does the next swan leave?’ I was reminded of this anecdote from what very much feels like another era when I bought a coffee on the sidelines of the World Humanoid Robot Games in Beijing (also known as the robot Olympics). A metallic barista filled a cup with coffee, reached for a jug of hot milk, and made quick, delicate movements as it poured. The coffee was surprisingly good, and the robot had even decorated it with a remarkably detailed swan made out of milk. The performances of the robots inside the arena were more uneven.” (08/26/26)
“A divided federal appeals court has ruled that Rep. LaMonica McIver is not immune from prosecution on charges stemming from a confrontation with Immigration and Customs Enforcement agents outside a federal [concentration camp] in 2025. The New Jersey Democrat was charged with three federal counts of impeding and interfering with federal immigration officers over alleged conduct on May 9, 2025, as they were attempting to [abduct] Newark Mayor Ras Baraka during an unannounced congressional oversight inspection of Delaney Hall Federal Immigration Facility. … McIver allegedly placed herself in front of Baraka and wrapped her arms around him to prevent his [abduction].” (08/27/26)
“Government is obviously a criminal gang; unaccountable to the people it rules, and refusing to be limited by the rules that apply to it. Like in all criminal gangs, there is infighting. Sometimes the opposing factions fight and focus on someone who is also in government, but they’ll ignore those who have done worse to punish someone who has stepped across a line the other politicians somehow notice and care about. I used to wonder how people could be so blind to the situation and keep supporting the existence of government in spite of the evidence right under their noses. I used to wonder, but I don’t anymore. It’s fear.” (08/26/26)