“The Supreme Court will soon rule in a case that will decide the future of birthright citizenship. The case has become more significant than ever because some officials are now openly advocating for ethnic cleansin — —mass removals of tens of millions of U.S.-born Americans based on their ancestry. In barely a year, the right has moved from the already controversial mass deportation of all undocumented immigrants to mass deportation of Americans. The 14th Amendment, drafted in part to prevent ethnic cleansing, should stop it. Whether it will is now up to the Supreme Court.” (06/01/26)
“On Thursday, the U.S. Department of Agriculture (USDA) announced the Great American Cotton Plan, a protectionist initiative to subsidize American cotton farmers. Agriculture Secretary Brooke Rollins says the plan is necessary to help domestic growers who are being ‘crushed by rising costs, unfair foreign competition, and a flood of cheap synthetic products.’ … Given the government’s penchant for propping up struggling sectors, it’s no surprise that the industry is receiving this bailout. But it’s not ‘unfair foreign competition’ or ‘trade distortions’ that are causing America’s cotton industry to falter. Over the past decade, 84 percent of domestically produced cotton has been exported on average, which suggests that trade is going well for farmers. Instead, it’s the president’s own policies.” (06/01/26)
“Most Americans have felt the pain of inflation in recent years. However, what they don’t often see is that inflation also erodes financial privacy. The Financial Crimes Enforcement Network (FinCEN) adjusts its penalties for inflation, but it does not adjust reporting thresholds. In the most egregious case, the $10,000 reporting threshold now used for currency transaction reports (CTRs) has not been changed since the number was first established in 1945 by an executive order. That’s equal to around $180,000 today. When the Bank Secrecy Act was ultimately passed in 1970, you could buy two new Corvettes for $10,000. Today, you could spend all of that on just the engine. In practice, that means the Bank Secrecy Act regime is swallowing up more transactions every year as inflation decreases the value of the dollar. No bills are passed; no regulations are open to the public. Yet, the wheel is turning, and financial surveillance increases without any checks or balances.” (06/01/26)
Source: Foundation for Economic Education
by Walter Block
“If you are in sync with meddlesome government bureaucrats, you probably believe that price gouging is profoundly evil. That charging higher prices than normal, especially during emergencies, is an economic abomination. That any seller who does this is taking advantage of people who are in precarious economic circumstances. When a storm hits, or a flood, or a tornado, heavy snow, ice, the closing of the Hormuz Strait, many of us will be without gas for our car, food, medical help, or other such necessities. Yet we face jacked-up prices to fulfill these needs. Just when we need them the most, these things are more expensive. To anyone who doesn’t understand basic economics, this seems outrageous and unfair. But to those who do understand supply and demand, it makes sense.” (06/01/26)
“Republicans are on the verge of collapse, and it’s mostly President Donald Trump dragging them down. This may surprise the observer who just watched Trump knock off a handful of dissidents in Indiana’s Republican primaries and Sen. John Cornyn in Texas. But Trump is less popular with voters than he has ever been. Why? Part of the problem is standard mid-term woes, especially for a second-term president. Part of the problem is Trump’s ill-considered war in Iran and the subsequent increase in gas prices. Trump family self-enrichment probably pays a role, too. What does it mean for the GOP? It likely means a tsunami election in the 2026 midterm elections, with Democrats taking the U.S. House and gaining seats in the U.S. Senate while also winning state-level elections. … Republicans should also be worried about today’s bad vibes carrying over to 2028.” (06/01/26)
“The common thread is that the hardest problems, those involving scale, complexity, or speed beyond human capacity, are exactly those where computation, AI, sensors, and biotech tend to have the most leverage.” (06/01/26)
“The world learned this week that Graham Platner, the Maine Democrat all but set to win his party’s Senate primary next month, has been sexting up to 12 women in the past few years while married. For Platner, this just added to his Cadillac Mountain of scandals. You are likely familiar with the fact that the so-called oyster farmer has a Nazi tattoo that he covered up only after lying about knowing its meaning. He also has a long history off-color Reddit posts, including remarks blaming women for being raped. What was most telling about these sordid new sexting revelations wasn’t that it exposed Platner as a creep. We already knew that. It was that the leak came from a fellow Democrat. The party may be starting to realize they have created a Marxist monster they can’t control.” (05/31/26)
Source: Independent Institute
by K Lloyd Billingsley
“‘California’s ‘Trump Tax Loophole’ is a billionaire-friendly tax break that lets the wealthiest commercial property owners avoid paying taxes based on what their properties are actually worth,’ proclaims Tom Steyer, candidate for governor of California, on his website. Steyer has described this ‘loophole’ in debates as if it is a special benefit for corporations, a ‘corporate real estate tax loophole.’ In the gubernatorial debate on CNN, for example, he declared: ‘I will on the first day [in office] call a special election to close a corporate real estate tax loophole that’s worth over $20 billion. … California government needs more money.’ But Steyer’s website admits: The ‘loophole’ is actually Proposition 13, the popular constitutional amendment that protects ordinary homeowners across the Golden State.” (06/01/26)
