“[A]s a matter of history, the BMT and the IRT were originally built, owned and operated by private companies. That ought to put paid to the notion that there is a ‘market failure’ going on in this sector of the economy, and that free enterprise, which has done so much for our prosperity … is an utter failure here, and, necessarily so. Nonsense on a pogo stick. If the marketplace is so great, why, then, are these NYC subways under government control? The market couldn’t hack it after all? Not a bit of it. These two subways were in the process of raising their fares from a nickel to a dime, and the government authorities were horrified! So, in 1940, they nationalized these entities, or, rather, municipalized them (soon afterward, they doubled the fare that had so horrified them when under private control).” (03/17/26)
“The U.S. dropped several 5,000-pound ‘deep penetrator’ bombs on the Iranian coast looking out onto the Strait of Hormuz, the U.S. Central Command (CENTCOM) said, as the threat of Iranian attacks on commercial vessels keeps the vital waterway effectively shut for tankers carrying oil and gas. The U.S. military said the munitions targeted protected Iranian sites housing anti-ship cruise missiles posing a danger to international shipping in the strait. … Iran has vowed a ‘decisive’ response to the killing of Tehran’s top security official, Ali Larijani, in an Israeli strike on Tuesday, and targeted Israel with new missile strikes. … Israel launched fresh attacks on the Lebanese capital Beirut, and ordered parts of southern Lebanon to evacuate ahead of operations against the Iran-backed political and militant group, Hezbollah.” (03/18/26)
“I doubt the Iranian regime WANTED the US and Israeli regimes to escalate the region’s long-standing tension, constant low-intensity fighting, and occasional flare-ups to full-on war for the second time in less than a year … but now that it’s happened, the Iranians seem intent on extracting a real price for the blunder instead of negotiating another lull or, as some keep putting it, giving Donald Trump an excuse to ‘declare victory’ and take an ‘off-ramp’ back to the status quo ante. Can you blame them? … Getting out won’t be quite so smart and easy. We’re seeing.” (03/17/26)
“The U.S. Securities and Exchange Commission issued broad guidance towards the crypto industry on Tuesday, with SEC Chair Paul Atkins declaring that ‘most crypto assets’ would not be considered securities. The guidance provides distinctions between which types of assets do not meet the definition of securities and what would make an asset meet that definition as an investment contract. It also notes that protocol mining (as on Bitcoin) and staking, along with crypto airdrops — or tokens sent to a protocol’s users and contributors — do not meet that definition. … The taxonomy included in the SEC’s implementation divides digital assets into five groups: digital commodities, digital collectibles, digital tools, stablecoins, and digital securities. Digital securities are the only type of digital asset that the SEC says fall squarely within its regulatory remit, according to a fact sheet.” (03/17/26)
Even in conservative Texas, I didn’t think a jury would buy the government’s case that these defendants were ‘North Texas Antifa Cell operatives’ — an organization fabricated whole cloth by the Trump administration — who had orchestrated an elaborate ambush of the ICE facility. Last week, a jury found eight of the defendants guilty of terrorism charges for simply being present and wearing black at the protest. The government scored a resounding victory: A few of the protesters, none of whom had fired any weapons, were acquitted of attempted murder charges, but the Justice Department won on almost all the other charges. … If that can be sold to juries as the work of an organized terrorist cell, deserving of up to 15 years in prison, then Trump’s fantasy of rounding up and imprisoning leftists en masse becomes a reality.” (03/17/26)
“Volodymyr Zelensky has said Ukraine will face a deficit of missiles it is using to fight Russia due to the war in the Middle East. In an exclusive interview with the BBC, the Ukrainian president said Russia’s Vladimir Putin wanted a ‘long war’ between the US, Israel and Iran because it would weaken Kyiv, with US resources being directed elsewhere. … ‘For Putin, a long war in Iran is a plus,’ he said. ‘In addition to energy prices, it means the depletion of US reserves, and the depletion of air defence manufacturers. So we [Ukraine] have a depletion of resources.'” (03/18/26)
“What distinguishes [Leonard] Read from many contemporary libertarians is his insistence that liberty is not merely an efficient social or political technology but a moral imperative. This is exemplified in his reflections on security and dependence. ‘True security is an outgrowth of freedom, not an alternative to it,’ he writes in an essay on the welfare state, warning that being made dependent on political favor is ‘a move away from true security.’ In other words, security does not come from concentrating power in benevolent hands but from preserving the conditions under which individuals bear responsibility for their own choices.” (03/17/26)
“The House Oversight and Government Reform Committee on Tuesday formally subpoenaed Attorney General Pam Bondi to answer questions about the Epstein files. The committee voted earlier this month to subpoena Bondi, following a motion from Rep. Nancy Mace (R-S.C.), who said it was unclear whether the Justice Department had turned over all records related to the convicted sex offender Jeffrey Epstein that were required under a law mandating their release. … The Justice Department has faced numerous accusations that it failed to meet the letter of the law in sharing the files related to Epstein, including various deadlines.” (03/17/26)
“The law is clear that the First Amendment bars the government from dictating news coverage or punishing outlets for publishing what the president claims is ‘false.’ The American people are entitled to uncensored news about what their government and military are doing. No matter who occupies the White House, war does not justify the government erecting barriers between the people and the press. To the contrary, the life-and-death stakes of war make public scrutiny and accountability more important than ever. … The law is also clear that broadcast licensees which operate under the public interest standard are shielded from [Federal Communications Commission Chairman Brendan] Carr’s threats.” (03/17/26)
