“According to the latest detailed annual survey (2026) of global freedom produced in New York by Freedom House, only 21% of the world’s population live in ‘free countries’ and global freedom has declined for the 20th consecutive year. Add to these grim statistics the huge potential threat to personal privacy and liberty posed by current advances in surveillance technology, and the desire of governments to use them, and no room for complacency should remain in anyone’s mind about the fragility of the world’s few genuinely free societies.” (07/14/26)
Source: Foundation for Economic Education
by Ninos P Malek
“Is it the legitimate role of government to pressure or threaten private businesses over the prices they voluntarily charge for their own property? Most economists would begin with the basic function of prices. Market prices are not arbitrary numbers; they communicate information about scarcity, demand, costs, and alternatives. When prices are allowed to adjust freely, they coordinate millions of decisions made by consumers, producers, wholesalers, and retailers. That is why virtually every textbook on the principles of economics warns that government-imposed price controls—whether they are ceilings intended to ‘protect consumers’ or floors designed to guarantee sellers a ‘fair price’—produce unintended consequences.” (07/14/26)
Source: Ludwig von Mises Institute
by Kevin Van Elswyk
“Pikachu is a yellow mouse and the internationally-recognized mascot of the Pokémon Franchise. Pokémon’s beginning was a game and disconnected (‘Pocket Monsters’) playing cards decades ago. Over time, it has spawned a TV series, a monopoly game, and a worldwide card collection fever. The tangible cards are now an ersatz currency to reward chore completion, trade for other cards, cash, and bitcoin. Bartering lives, and the card collection fever illustrates Austrian economics.” (07/14/26)
“Democrats are lying to voters, claiming to be the party that can deliver ‘affordability.’ Nothing could be farther from the truth. … Democrat-run cities and states are, with few exceptions, the most expensive in the nation. The reasons include pro-labor rules that drive up wages and costs, regulatory overreach that creates hurdles and delays, energy policies that inflate electricity and gasoline bills, and reckless spending, which leads to high taxes. High taxes, another Democrat specialty, inflate the price of everything as they are passed along to the consumer.” (07/14/26)
“Burnham’s Manchester model is a game of bait and switch. It uses funds obtained from the Public Works Loan Board, an arm of the Treasury, which explicitly declines to look at the uses to which its money is put. Manchester loans these funds on to local projects, also free of arm’s-length scrutiny, in effect using the national credit rating for local projects. This brings to mind other public borrowers who believed that big Daddy would keep them out of trouble (bankers call malarkey of this kind ‘moral hazard’) leading to, eg, Argentine defaults, where provincial profligacy hides behind central guarantees. The Manchester model is not yet a big thing in the UK, but Burnham gives the impression that he believes he’s found the secret sauce.” (07/14/26)
“Less than four years after ChatGPT’s debut, we are nowhere near understanding the role AI will play in our lives. Will it be as transformative as the internet? Will it cause mass unemployment? Will the next generation forfeit its capacity to think to AI models? Will we all soon be using AI agents to book our hotels and flights? How to scythe through the bramble? Cory Doctorow, a science fiction novelist and one of our keenest observers of technology, is out with The Reverse Centaur’s Guide to Life After AI: How to Think About Artificial Intelligence—Before It’s Too Late, a companionable guide to the subject.” (07/14/26)
“Starting this month, a working adult in their mid-30s seeking to upgrade their skills will have access to the same source of federal financial aid that is available to a high school graduate heading off to a four-year degree institution in the fall. Workforce Pell grants, which went into effect July 1, have the potential to widen the pathway to greater education and economic opportunity for tens of thousands of Americans not able or not ready to pursue a traditional college degree. Until now, these individuals have been limited to their own savings, employer-supported training, or costly loans when seeking to incrementally build their skills and earning prospects. ‘For students who need to be able to access short-term training … [Workforce Pell] really helps open the door for access to higher education, at that bite-size level,’ as Sarah Carrico, an administrator at Saint Paul College in Minnesota, explained to NPR recently.” (07/13/26)
“The popular conservative media giant has left the GOP and says exiles from both parties need to work together on matters of ‘war and finance.'” (07/14/26)
“US President Donald Trump on Monday signed proclamations dramatically shrinking the size of two national monuments in Utah, eliminating roughly 3 million acres of protections for Bears Ears and Grand Staircase-Escalante and potentially opening the beloved, wildlife-rich areas to industry exploitation. Trump’s proclamations, issued at the urging of Utah Republicans including Sen. Mike Lee, aim to reduce Bears Ears to just under 121,100 acres (down from nearly 1.4 million) and Grand Staircase-Escalante to 181,541 acres (down from 1.87 million). … During a signing ceremony on Monday, flanked by Utah Republicans, Trump characterized his scaling back of monument protections as an effort to give land ‘back to the people of Utah.’ The president falsely claimed that people could ‘virtually not even walk on’ the lands under the protections he targeted.” (07/14/26)
“As we think about what a new reconstruction may look like, one of the major points of tension will be the rules and regulations that bind the actions of the government machinery. One the one hand, the rules cause friction in the gears that get things done. Procurement is slow. Hiring is slow. Policy changes are slow. It will be immensely frustrating to those coming in to fix the government to be told to be patient after so much damage has been done. However, those rules are there for good reason. After all, hiring your buddy in a no-bid contract is how you get a reflecting pool full of algae.” (07/14/26)
