Source: Foundation for Economic Education
by Mark Nayler
“Spain was the second-largest beneficiary of the EU’s Next Generation funding scheme (NGEU), rolled out in 2021 to help member states recover from pandemic-era lockdowns. Its total allocation was €163 billion ($190 billion, after Italy, which received €194 billion, or about $226 billion), enabling Socialist prime minister Pedro Sánchez to unveil a record-breaking budget for 2022, boosted with the first €26 billion ($30 billion) from this historic program. Yet from the beginning, Spain’s deployment of NGEU money, access to which depends on hitting investment targets set by Brussels (most of them designed to further the EU’s green agenda), has been surrounded by controversy. The latest scandal over Madrid’s alleged misuse of these funds has highlighted one of the most contentious issues in the bloc—namely, the viability of mutual debt schemes.” (05/19/26)
“A 15-year-old opened his laptop to work on a coding project he’d been building for months. His school had assigned tools like Anthropic’s artificial intelligence model Claude to help write code, debug errors and teach concepts instructors hadn’t covered. Yet when the site loaded, he found his project history, saved conversations and every thread of work gone — replaced by a suspension notice. ‘Our team found signals that your account was used by a child,’ Anthropic explained in an email. ‘This breaks our rules, so we paused your access to Claude.’ … I’m 17. In less than a year, a number on a calendar will determine I’m old enough to access the tools that define my field. Nothing about my capabilities will change on my birthday; only my legal classification will.” (05/19/26)
“Cory Booker, Senator from New Jersey and child of two wealthy executives at IBM, knows struggle – he’s seen every episode of ‘Dear White People.’ The struggle is real … especially in the first two seasons. Or so it has been explained to him, as he’s led a charmed life, which would be impossible if the United States of America were half the racist hell hole he pretends it is to advance his political career. It amuses me to no end when white liberals act like they are the saviors of black people, and it’s even more amusing when black politicians who grew up just as much, if not more, ‘privileged’ than the white people they whine about don the racial hero cape. Cory Booker has wanted for nothing, except maybe hair and a non-grating personality, but he knows ‘struggle’ because, well, his skin color.” (05/19/26)
“The so-called ‘Election Integrity Network’ has released its ‘Model Election Laws Handbook.’ The problem with the handbook isn’t that every proposal in it is unreasonable. Many of the proposals, of course, absurd, but they tend to hide behind reasonable rhetoric …. the handbook repeatedly treats ordinary features of election administration as evidence that the system itself lacks legitimacy. I’ve seen a quote floating around online that states, ‘Everything’s a conspiracy if you don’t understand how anything works.’ The basis of the handbook is that administrative imperfections stop being problems to manage and increasingly become proof that elections can’t be trusted unless the system becomes more restrictive, more adversarial, and more procedurally rigid.” (05/19/26)
“Ever since North Korea suffered through the death of its first leader in 1994, a loss magnified by an economic collapse and a devastating famine, outside observers have likened the country to an airplane experiencing a serious malfunction. The major question they posed: in the end, would North Korea experience a soft landing or a catastrophic crash? Perhaps a reformer would come along — say, a North Korean version of Soviet leader Mikhail Gorbachev — who could right the airship of state and guide it toward the runway of reunification with South Korea. More direly, the North Korean regime could collapse all of a sudden, like the Communist governments in Eastern Europe in 1989. Those were relatively peaceful affairs, but North Korea’s worst-case scenarios might involve violent power struggles, the return of famine, and a free-for-all scramble for the country’s loose nukes.” (05/19/26)
Source: Ludwig von Mises Institute
by Joseph Solis-Mullen
“In Washington, bad ideas rarely die — they rebrand. Industrial policy — long discredited in theory and practice — has returned under the more palatable language of ‘resilience’ and ‘strategic supply chains.’ The Trump administration’s proposed minerals consortium is the latest iteration. Sold as a necessary response to dependence on China for the processing of rare earths and other critical minerals, it promises coordination, investment, and independence. What it will deliver instead is distortion, waste, and a fresh round of politically-driven malinvestment.” (05/19/26)
“One American view of China — now increasingly popular on the Left and the Right alike, especially among the hate-Trump crowd — is that the communist colossus will be forever ascendant, with continued astonishing levels of food production, ship construction, and industrial output. In this pessimistic view, China will soon replace America as the world’s predominant power. We are, supposedly, like an exhausted British Empire circa 1945, and China is the new version of the postwar American powerhouse. Yet even Beijing’s miraculous 30-year leap out of poverty into first-world affluence and Westernized power is hardly the same as parity with the US. In truth, Trump held almost all the cards at the current summit and will do so again when Xi Jinping visits the US this autumn.” (05/19/26)
“Two weeks ago, five incumbent Indiana state senators ‘weren’t just defeated,’ as NBC’s Steve Kornacki explained, ‘they were defeated in landslides.’ The five had bucked President Trump’s call to redraw the state’s congressional map …. On Saturday in Louisiana, Sen. Bill Cassidy, a 12-year Republican incumbent, became the first elected U.S. Senator to lose in a primary since 2012. … Cassidy was one of seven GOP Senators who found Mr. Trump guilty in his second impeachment trial, following the U.S. Capitol riot on January 6, 2021. I cannot recall a president of either party ever wielding so much electoral clout within his own party — perhaps partly because other presidents did not attempt to reshape their party as aggressively as Trump has, and partly because no president has enjoyed the outsider status required to mobilize the disgruntled grassroots.” (05/19/26)
“In every state and in the federal criminal justice system, when a crime victim is killed, the law allows a family member or other representative to step into the victim’s shoes and assert the victim’s rights. That framework has become a routine and influential feature of modern criminal justice, embedded in statutes, constitutional provisions, and everyday courtroom practice. Yet despite its centrality, the justifications for this arrangement have received relatively little sustained scholarly attention. That gap has become more apparent following Professor Lee Kovarsky’s recent article, ‘The Victims’ Rights Mismatch,’ which offers a serious and thoughtful challenge to prevailing assumptions about deceased-victim representation and calls for sharply limiting victims’ rights in such cases.” (05/19/26)
“The hedge fund billionaire turned gubernatorial candidate wants to tax California’s ultrawealthy, regulate AI, and keep Silicon Valley happy at the same time. Good luck with that.” (05/19/26)
