Accounting burden in carbon tax, cap and trade, CBAM

Source: Niskanen Center
by Jia-Shen Tsai

“Tax season is a useful reminder that how we organize financial information matters just as much as the numbers themselves. Taxpayers file returns, but the underlying numbers come from employers, who report wages directly to the government. Without that upstream reporting, the total simply would be error-prone. That’s true, too, of carbon accounting: There are several ways to measure emissions, each targeting a different node in the supply chain.” (05/06/26)

https://www.niskanencenter.org/accounting-burden-in-carbon-tax-cap-and-trade-cbam

No, AI Won’t Make Money Obsolete

Source: The Daily Economy
by Peter C Earle

“The notion that artificial intelligence at full bloom might eliminate the need for money reflects a deep confusion about what money is and does. Money is not merely a barter-avoiding convenience layered onto an otherwise frictionless world. It is a solution to fundamental problems of exchange, profound difficulties in coordination, and comparison of alternatives under scarcity. Even in a hypothetical future defined by extraordinary productivity gains and broadly collapsing prices, those underlying problems do not disappear. Instead they change form, and for as long as scarcity, tradeoffs, and uncertainty persist in any domain, so too will the need for money.” (05/06/26)

https://thedailyeconomy.org/article/no-ai-wont-make-money-obsolete/

Trump’s War on Iran Is Destroying America

Source: Antiwar.com
by John J. Duncan, Jr.

“I think Trump realizes that both the U.S. economy and the world economy will be greatly damaged and possibly go in to a major recession if the war is not ended very soon. JP Morgan Chase CEO Jamie Dimon said it ‘will be worse than people think.’ The President seems to be trying very hard to reach an agreement, but he knows Israel wants to go in the other direction and escalate the war even further. And he knows the Israel Lobby has almost total control of the Congress and will go along with Netanyahu no matter what.” (05/06/26)

https://original.antiwar.com/rep-john-j-duncan-jr/2026/05/05/trumps-war-on-iran-is-destroying-america/

Uganda: Lawmakers Pass Scaled-Back Sovereignty Law After Central Bank Warning

Source: US News & World Report

“Uganda’s parliament passed legislation to ⁠curb ⁠alleged foreign influence after scaling back ⁠proposed restrictions on funding from abroad that the central bank governor ​said risked ‘economic disaster.’ The proposal, entitled ‘The Protection of Sovereignty Bill,’ was adopted late on Tuesday and now awaits ‌the signature of President Yoweri Museveni. Museveni, ‌who has been in power since 1986, and allies in the ruling party regularly ⁠decry outside influence ⁠in Uganda, accusing domestic political rivals of receiving funding from abroad ​and pushing foreign agendas such as LGBTQ rights. Several Ugandan opposition parties have traditionally received some of their funding from outside the country.” (05/06/26)

https://www.usnews.com/news/world/articles/2026-05-06/ugandan-lawmakers-pass-scaled-back-sovereignty-law-after-central-bank-warning