“The zeal of the convert can be a terrifying force to behold. An acolyte convinced of their own prior heresy will often be a more thorough inquisitor than the native-born believer. This dynamic may help explain why It’s on You by Nick Chater and George Loewenstein is so shrill and devoid of self-awareness. Having been leading researchers in behavioral psychology and economics who sought to manipulate individuals into ostensibly healthier and smarter choices — the world of ‘nudge’ theory — they are doing a righteous penance by exposing the flaws of their former discipline.” (05/01/26)
“The Supreme Court’s decision in Louisiana v. Callais took 36 pages to explain why Section 2 of the Voting Rights Act is about combating intentional racial discrimination, not allowing racial gerrymandering. However, House Minority Leader Hakeem Jeffries wrapped it up in one word: ‘illegitimate.’ Jeffries was not speaking of the case, but of the court. The man who would become the next speaker of the House if Democrats retake power in November has joined other radicals in denying the legitimacy of the nation’s highest court. Just for the record, the Supreme Court did not strike down Section 2, but it said neither the law nor the Constitution allows legislators to manipulate district lines to guarantee that candidates of a particular race will be elected.” (05/01/26)
Source: Independent Institute
by Alexander Williamn Salter
“Federal Reserve Chair Jerome Powell held interest rates steady Wednesday for a third time this year, citing inflation running above the central bank’s 2% target. Christine Lagarde, the president of the European Central Bank, has also recently warned of ‘higher inflation and lower growth’ this year, citing energy shocks, geopolitical risks, and a high degree of uncertainty. Alberto Musalem, president of the Federal Reserve Bank of St. Louis, cited those same forces as likely to result in ‘persistent above-target inflation throughout 2026,’ which would justify the central bank holding interest rates higher for longer. None of these bank officials have called for raising the inflation target. They don’t have to. The implication is clear: Central banks are preparing the public for a world in which inflation persistently overshoots 2%.” (05/01/26)
“The media theorist Marshall McLuhan became famous in certain circles for insisting that the real importance of a new tool can be found in ‘the medium — that is, all the side-effects, all the unintended patterns and changes.’ He was anticipated in this by Plato, who had Socrates hint in a story that ‘the person who produces an instrument of technology is not the same as the person who can judge whether it helps or harms those who use it.’ If that’s true, then we would expect to find the architects of AI struggling to predict and control the ends it will be made to serve.” (05/01/26)
“To put American traffic deaths in perspective, consider the Miami Marlins. Since 2012, the baseball team has played its home games at the stadium now called LoanDepot Park. The field’s official capacity is 36,742, roughly the number of Americans who die in traffic crashes every year. America loses a baseball stadium’s worth of lives to vehicular accidents every 12 months. For the first time, there’s a way to prevent many, and perhaps most, of those deaths: self-driving cars. But self-driving cars are controversial. Some worry about safety. Others worry about jobs.” (05/01/26)
“Having seen Trump shuffle spasmodically to the Village People’s Y.M.C.A., I think we can rule out dancing as the motivation to construct a $400 million, 90,000-square-foot ballroom where the East Wing of the White House once stood. We can also rule out the most recent reason given for the construction of such a Reichskanzlei, which is that only in a Führerbunker funded by tech bros and Epstein patrons will this president ever feel safe. This leads us back to the original intent of the Trump administration with all its tariffs, foreign wars, Musk budget cuts, and endless boondoggles (like the ‘free’ Qatari airplane): graft and corruption to the sole benefit of Thirty Percenter (normally his take on the vig) Donald J. Trump, proprietor.” (05/01/26)
“Trump wants us to think that tariffs — his favorite word — are paid by exporters; you know, those crafty foreign manufacturers who’ve been exploiting us American naifs from time immemorial. Stop the presses! He’s wrong. To state what should have been known, U.S. tariffs are taxes that American importers of foreign-made goods pay to customs officials at ports of entry. While under unusual market conditions, an American importer might persuade an exporter to lower his price to offset the tariff, this did not happen with most of Trump’s tariffs.” (5/01/26)
“May Day is for the workers. In some beautiful future, every worker will get May Day off. One day. But not yet. For now, it can also serve as a day when you remember the workers who are still working, and think about how you could make their lives better. On my way from Brooklyn to the May Day rally in Washington Square Park yesterday, I saw all the people working who make New York City work. The Mexican construction crew sitting in a line against a concrete wall on my block, covered in dust, taking a break from building the building across the street. The woman selling them lunches out of a big plastic cooler. The woman pulling hot metal trays out of the steam table at the restaurant on the corner.” (05/02/26)
