Source: Foundation for Economic Education
by Ehsan Mousavi
“We have all heard many times that hoarding is usually attributed to greed and is highly condemned. For example, in his book The Grapes of Wrath, John Steinbeck attributes hoarding to greed and immoral profiteering, presenting it as a societal failure. In Canto VII of Dante’s Divine Comedy, he groups the hoarders together with the wasters, and states that they are forced to push heavy weights using their chests as their punishment. But is the pursuit of profit during a crisis merely an expression of greed, or does it serve a broader social purpose? Hayek would argue that it serves a crucial one.” (07/22/26)
“Well, well, look here. In its June 2026 update the venerated OED or Oxford English Dictionary, finally added the ‘new’ word, fearmonging. It explains fearmongering as ‘the action or an act of spreading fear or alarm among the public, esp. by exaggerating the dangers associated with a political, social, or economic issue; alarmism.’ Thank goodness, the dictionary has caught up to our society’s most pernicious habit; that is, using fear to sell anything. Especially when it comes to our health.” (07/22/26)
“Every major economic idea deserves more than campaign speeches and cable news debates. It deserves to be tested. Before anyone rushes to point to Scandinavia, Venezuela, Cuba, or any other country to argue whether socialism has succeeded or failed, I’d like to propose a different kind of test. To the Democratic Socialists of America and those who believe this economic model is the future, I have a sincere proposal: Take your principle seriously enough to apply it consistently.” (07/22/26)
“Last month, Secretary of the Department of Health and Human Services Robert F. Kennedy Jr. detailed six billion dollars worth of [alleged] Medicare fraud, where scamming operations were caught ‘chasing money from our agencies.’ Some while willfully neglecting patients. On Friday, he estimated that the HHS ‘loses $100,000,000,000 a year to theft.'” [editor’s note: HHS’s budget this year is $5 billion or so less than RFK Jr. estimates HHS loses every year. Some feat – TLK] (07/22/26)
“Your child’s report card may be sending the wrong signal. Grades and GPAs increasingly reflect institutional incentives rather than academic achievement.” (07/22/26)
“Two years ago, just 37 House Democrats voted to cut off U.S. aid for Israel. Now more than half of the Democratic representatives have come around to recognizing: 1.) That unconditional US support for Israel is no longer tenable, and 2.) Netanyahu’s Likud government has become a global pariah state, and 3.) Continued support of Israel brings the US global alienation; and BTW, probably cost Kamala Harris the 2024 presidential election. Though the Democratic leadership remains captive to the AIPAC payroll, the US-Israeli relationship has never been more tenuous. This occurs in tandem with the rise of similar grassroots movements within Israel.” (07/22/26)
“The Trump administration is laying the groundwork for blacklisting and criminalizing all left-wing, progressive, anti-war and anti-imperialist dissent.” (07/22/26)