“Facebook in 2011 was already a centralized platform owned by a single company. What changed was that the underlying incentives of that centralized architecture had time to work. Centralized systems create chokepoints. Chokepoints, once they exist, attract everyone with an interest in squeezing them: companies looking to extract more value from users, governments looking to extract compliance from companies, and political movements looking to extract influence from both. In 2011, Facebook hadn’t yet figured out how lucrative those chokepoints would be, or how much leverage they offered to the powerful. By 2025, everyone had figured it out.” (06/25/26)
“There is an aesthetic and romantic tradition, a very old strand of thought predating socialism, and going back through Ruskin and Morris to Romantic-era reactions against industrialization. It simply finds modernity ugly, hurried, and spiritually depleting. Smallholding, craft, and seasonal eating have a genuine appeal to people who feel that modern life has lost something. This is not quite an argument, it is a sensibility which should not be dismissed. There are real questions about meaning and community in industrial modernity, but it tends to romanticize pre-industrial poverty selectively. Institutional capture has boosted the degrowth movement because much of its language now comes from NGOs, international bodies, and academic departments that have strong incentives to find crises requiring their management.” (06/25/26)
“There’s vastly too much hand-wringing over President Trump’s diplomacy and potential dealmaking with Iran, and it’s coming from friends and foes alike. I think it has more to do with America’s crumbling political infrastructure, than it does regarding the merits of Mr. Trump’s efforts. First of all, the so-called memorandum of understanding is a nonbinding political document which simply outlines topics to be covered in the months ahead for some kind of final deal. Some people are taking parts of this MOU completely out of context for their own political gain. Let’s step back for a moment.” [editor’s note: Yes, let’s step back and watch Larry Kudlow try to explain away the loss of an illegal and entirely optional war – TLK] (06/25/26)
Source: Foundation for Economic Education
by Sergio Martínez
“A central bank wields a peculiar kind of power. It holds a monopoly over money, and money runs through nearly every transaction we make. Because of that reach, a monetary mistake travels through credit markets, housing, banks, pension funds, and the budgets of millions of people who never had a say in the policy. That is the right place to begin a reflection on Alan Greenspan, who died on June 22, 2026, at the age of 100. His was a mixed legacy. Here was a man who understood the power of markets, and who nonetheless turned on those markets when they soured, blaming private excess for a crisis his own institution had helped make possible.” (06/25/26)
“Clarence Thomas went more than 10 years without asking a single substantive question from the bench. His silence between 2006 and 2016 prompted commentators to call his courtroom quietude embarrassing, a sign of fatigue and a lack of intellectual candlepower. Even earlier in his career, he had earned the nickname of ‘Scalia’s Puppet’ for his habit of joining majority opinions written by Justice Antonin Scalia, the outspoken and reactionary ‘originalist’ who shared the dais with him until his death in 2016. But the characterization of Thomas as an inattentive echo of Scalia is wrong. Thomas has always been more extreme and dangerous than Scalia, and his influence has never been greater.” (06/25/26)
“Most of the calumnies against Elon Musk come from people who are either envious or completely unaware of the basic principles of economics. Or both. That being said, not everyone ‘in my camp’ admires or defends the South African-American tech magnate.” (06/25/26)
“When Congress passed the Controlled Substances Act in 1970, marijuana’s placement in Schedule I was explicitly provisional, a placeholder pending review by a presidential commission. The Shafer Commission, chaired by a Republican governor and composed largely of President Richard Nixon’s appointees, concluded in 1972 that marijuana did not meet the criteria for Schedule I and recommended decriminalizing personal possession. Nixon ignored the report and escalated the war on drugs. The provisional classification became permanent by default. Since 1965, an estimated 29 million Americans have been arrested on marijuana charges, roughly 90 percent of them for possession alone. The most damaging consequence of Schedule I, however, has not been to cannabis users, who have gained access through state legalization, but to the research enterprise.” (06/25/26)
Source: Electronic Frontier Foundation
by Joe Mullin
“Buried inside the KIDS Act are provisions that will push online services to verify all users’ ages, require government-directed moderation policies for online speech, and even create new rules about private and encrypted communications. While supporters continue to claim this bill protects minors online, its requirements come at the expense of privacy, free expression, and the ability of people of all ages to use the internet without revealing sensitive data. Supporters of KOSA have said the bill doesn’t require age verification. And technically, the KOSA section of the bill does say that KOSA shouldn’t be read to require age verification. But if you read the rest of the bill, that disclaimer starts to look hollow.” (06/25/26)
“The Democratic Socialist Party (DSA) in America is anti-West, anti-American, anti-Israel and antisemitic. It is also on the march across deep blue America. Tuesday night’s sweep by far-left candidates for Congress in New York City, all backed by New York City Mayor Zohran Mamdani, underscored just how rapidly the DSA is ascending within the shell of the fractured and frazzled Democratic Party. Traditional Democrats who pay attention to their national brand are astonished by what has happened to their party as it goes full ‘Thelma and Louise’ off the far left cliff of American politics. This is the third act in a three-act tragedy.” (06/25/26)
