“A May 29 article in the IMF’s F&D Magazine argues in favor of using U.S. tariffs as a policy tool. It begins by questioning the argument for free trade, claiming that economists have based U.S. and global trade policy on theoretical models rather than empirical evidence: ‘Tariffs were not tried and found wanting but rejected by au courant economic models and left untried. Policymakers, scared of challenging the elite consensus derived from such models, closed off the universe of options and strategies to solve America’s challenges.’ However, in the U.S. there is an extensive history of trying to use tariffs strategically, especially in the late 1800s through the mid-1900s.” (07/10/26)
“Are We Still at War? Yep. We’re back to where we were in early March; the U.S. is attacking targets in Iran, and Iran is attacking targets throughout the region, in Bahrain and Kuwait and Jordan, though those last ones were intercepted. Where international shipping was starting to revive, that now has ended, and I’d expect the reimposition of the blockade, following the U.S. revocation of Iran’s license to sell oil internationally. In retrospect, this was not a hard thing to predict. Donald Trump gets ornery when he doesn’t get his way, and there was no way to get his way in this war. Iran has asserted operational control of the Strait of Hormuz, with eventual fees inevitable, and it was only a matter of time before there would be tensions around that” (07/10/26)
Source: Foundation for Individual Rights and Expression
by Sarah McLaughlin
“A recent records request revealed that a Canadian government department is working up a potential new federal strategy on misinformation. But the section explaining what ‘legal action’ would be taken against misinformation, and either the users posting it or the platforms hosting it, is obscured by a large black bar.” (07/10/26)
“Mary Beard meditates on her own life and some of her favorite tales or artifacts from the ancient world to justify an irreverent approach to the classics.” (07/10/26)
“In 1509, while traveling from Italy to England, the famed Dutch humanist Desiderius Erasmus composed one of the strangest and most enduring works of the Renaissance. In Praise of Folly (Moriae Encomium) was written partly for amusement, perhaps out of a self-deprecating boredom to break up the neurasthenia that was synonymous with long-distance travel in the early sixteenth century. As a work, it was dedicated to his friend Thomas More, who would later become Chancellor of England and gain renown and martyrdom through his interactions with the Tudor monarch Henry VIII. The title itself is in homage to More, embedded in the meaning of the Greek word moria, meaning ‘folly.’ Despite its age—over five centuries at this point—its insights are as fresh and as biting today as they were in the pre-modern world.” (07/10/26)
Source: Center for a Stateless Society
by Kevin Carson
“[T]he model of ‘liberal socialism’ developed in this study is not a fusion of liberalism and socialism, or a splitting of the difference between them. My purpose here, rather, is to defend the value of many of the principles historically associated with the liberal ideology, completely independent of that ideology as a package deal, and to advocate for their integration into any socialist model worthy of the name.” (07/10/26)