Source: Independent Institute
by Alex Tokarev & Kristin Tokarev
“Everyone knows the math is getting worse. Americans are living longer. Birth rates are falling. Fewer workers are supporting more retirees. The Social Security trustees project the program’s trust funds will be depleted in the early 2030s, leaving payroll taxes insufficient to pay all scheduled benefits unless Congress acts. Yet every election brings the same warning: Don’t touch my Social Security! That’s why President Donald Trump’s reported interest in Australia’s retirement system matters. Not because Australia has discovered the silver bullet for that fiscal monster. Because someone in Washington is finally asking whether a retirement system designed during the Great Depression is still the best America can do in the 21st century.” (10/16/26)
“So, what good are the rich? Sumner had the good common sense to understand what so many do not understand today: ‘The great gains of a great capitalist in a modern state must be put under the head of wages of superintendence. Any one who believes that any great enterprise of an industrial character can be started without labor must have little experience of life.'” (10/16/26)
“I have not blogged for a while but recently I have allowed all the election advertising to get under my skin. The solution sets being discussed — to the extent any solutions are discussed rather than just promoting fear of the other team –are so divorced from any sensible analysis of cause and effect that it is almost intolerable to even listen. For this article, I have taken real things people have expressed concern about in this election cycle and I have proposed six meta issues that are closer to the true causes of people’s concerns. Of course, none of this is being discussed by anyone on either side in this election.” (10/16/26)
“Tom Cruise may possibly be the biggest movie star in the world. His career has been a constant stream of blockbusters spanning more than four decades. Cruise has historically made excellent decisions in picking his projects, but his newest film, Digger (2026), is certainly a departure from anything we’ve seen Tom Cruise do on the silver screen. But that’s not all—Digger is a departure from cinema as we have known it, at least in the years since Covid broke out. The headlines mostly dismiss the film as a box office flop. The film critics are not helping the matter either. They don’t like it, at all. Yet in the last few days after its opening, the chatter among the people in real life and social media has been quite positive.” (10/16/26)
Source: Foundation for Economic Education
by Mani Basharzad
“A public company in the UK was building a high-speed railway when it suddenly faced a regulation that few could have predicted: a £100 million ($132 million) bat tunnel. The railway passed through Sheephouse Wood, an area inhabited by rare Bechstein’s bats. To comply with environmental regulations that protect the bats from colliding with high-speed trains, the company had to build a roughly one-kilometer covered structure alongside the railway. This structure has since become widely known in the UK as the ‘bat tunnel.’ If you think this is just one case, let me tell you about the fish disco.” (10/16/26)
“I don’t know where you grew up, but I grew up six blocks north of the Detroit border and one block south of 8 Mile Road, ‘on the bad side’. It wasn’t bad when I was a kid, or at least not as bad, and as I got older, I spent more time in the city. I went to college downtown at Wayne State and lived for a time in the Cass Corridor, back when that was not a place you wanted to be (it’s quite different now). I saw firsthand why there is distrust and dislike between black Detroiters and Arabs in the city, and I’m kind of surprised no one has talked about it in regard to why Democrat Senate candidate Abdul El-Sayed is doing so horribly with black voters.” (10/17/26)
“I have been a doctor for over 40 years. I have cared for patients in their most critical moments, seen families face unexpected diagnoses, and made split-second decisions in intensive care where every second counted. I have witnessed both remarkable recoveries and painful losses. I have taught new doctors, published research, and worked on treatments to help people I might never meet. All this time, I thought I knew what it meant to be a physician. When Covid began, something shifted in me. It didn’t happen all at once or because of one argument with an administrator or a policy. It was a slow realization that grew as I kept caring for sick people.” (10/16/26)
“As the U.S. midterms approach, headlines regarding the Ukraine war are emerging at breakneck pace. But amid the noise and recurring outrage, the fundamental dilemma has not changed: how can the United States build up a self-sustaining European equilibrium that maximizes Washington’s room for maneuver in an increasingly multipolar world? Achieving a comprehensive settlement to the war in Ukraine is a necessary, albeit insufficient, part of the answer. European leaders perceive Russia’s war of aggression not just as a security threat but as a fundamental breach of the post-Cold War continental compact. It will not soon be forgotten. As long as the fighting continues — and even in the event of a ceasefire that leaves deeper political cleavages unaddressed — Europe and Russia will not arrive at a stable balance of power on their own.” (10/16/26)
“The European Union’s long project to build the continent into a fortified zone of peace and prosperity has hit a new pitfall. Over the past two weeks, the war in Ukraine has expanded far into the Black Sea. Several merchant ships carrying grain and other civilian cargo were struck by drones – widely viewed as Russian – off the shores of two NATO members, Bulgaria and Romania. Nearly two dozen sailors from many countries were either killed or are missing. ‘The Kremlin is testing the EU and Nato, and will act depending on the results of the testing,’ a popular Ukrainian blogger, Boryslav Bereza, wrote on Facebook.” (10/16/26)
“Trump’s effort to fire a Fed governor may be political interference, but it exposes a real problem: central bankers exercise enormous power with little accountability for their mistakes.” (10/16/26)
