Surprise, Surprise. Government Capital Stock Is Deteriorating

Source: Ludwig von Mises Institute
by William L Anderson

“Federal IRS workers at the Chamblee Building are often greeted by rats struggling to free themselves from glue traps set about the workplace. Workers at the Veterans Affairs building in Hilo, Hawaii, are having to deal with dangerous infestations of mold. Federal employees in several places, including the Food and Drug Administration building in Washington, DC, are being exposed to Legionella, the bacteria that causes Legionnaires’ disease. In Washington, DC, forty percent of the headquarters of the General Services Administration have been declared unsafe, which means the GSA has had to relocate many of its employees. And the list goes on and on.” (07/02/26)

https://mises.org/mises-wire/surprise-surprise-government-capital-stock-deteriorating

Who Really Are These New Democratic Socialists and Their Fellow Travelers?

Source: American Greatness
by Victor Davis Hanson

“While it is difficult to generalize, many current and would-be socialist officeholders share several common traits. Most of them represent a relatively small slice of American life. Almost all are urban, with little knowledge of small-town or rural existence. Their world is subways, buses, high-rises, Uber, taxis, and proximity to corporate, academic, and financial institutions—yet often with little understanding of where their food, fuel, water, or everyday goods originate, or where their waste and sewage ultimately go. Their worldview is shaped more by consumption than production, as though goods simply arrive in and depart from cities on autopilot. A disproportionate number of our most prominent radicals are either first- or second-generation immigrants, most originating from failed or illiberal states in what was once called the Third World. They or their parents left their homelands in search of wealthier countries, fairer societies, greater opportunity, and, in many cases, safety and freedom.” (07/02/26)

https://amgreatness.com/2026/07/02/who-really-are-these-new-democratic-socialists-and-their-fellow-travelers/

The Supreme Court failed the test posed by Trump

Source: Los Angeles Times
by Jackie Calmes

“Even when the Supreme Court disfavored Trump, it showed its ideological and incoherent colors. Though it allowed him to fire independent agency officials without cause, it made an exception for the Federal Reserve in a separate case. Upsetting consumers is OK apparently, but not Wall Street. And the court should have settled the birthright citizenship case against Trump long ago, as many lower-court judges sought to do. His first-day executive order repealing birthright citizenship plainly violated the Constitution, federal law and court precedent — and yet the justices strung out the case and only this week decided on the constitutionality of birthright citizenship by just a 5-4 vote. A counterreaction to Trump and the Supreme Court is coming, I believe. By laws and lawsuits, Congress must begin taking back its constitutional powers over spending, war-making, appointments and more.” (07/02/26)

https://archive.is/cGWeQ

The War in Ukraine Arrives at a Crucial Juncture

Source: Antiwar.com
by James Carden

“Though relegated to the sidelines thanks to President Donald Trump’s decision to launch an illegal and unjustified war on Iran at the behest of the Israeli warfare state, the war in Ukraine grows more dangerous with each passing day. In fact, recent reports indicate a perilous increase in attacks on energy and civilian infrastructure from both Moscow and Kiev.” (07/02/26)

https://original.antiwar.com/james-carden/2026/07/01/the-war-in-ukraine-arrives-at-a-crucial-juncture/

The death of the American Dream is highly exaggerated

Source: Washington Post
by Gonzalo Schwarz

“As America turns 250 years old, many people say the American Dream is at risk. Last month, an Associated Press-NORC poll found that only one-third of Americans believe the American Dream still exists. A CNBC poll the same month found that a majority of people consider the American Dream out of reach. But most public polling captures what people believe about the accessibility of the American Dream for others. In their own life, they are far more optimistic.” (07/02/26)

https://archive.is/qhiQX

1776 and All That: Thomas Jefferson on Adam Smith

Source: EconLog
by Hans Eicholz

“Yes, Thomas Jefferson had read Smith, but before 1776, he could only have read The Theory of Moral Sentiments, and he read it for much the same reason he read all the other Scottish theorists of his day: Because each, in his own way, had illuminated reasons for confidence in the ability of individuals to exercise personal and political self-government. In other words, each had argued that by either convention (e.g. Hume) or nature (e.g. Kames), human beings were apt to use their individual liberty in ways that promoted a prosperous and orderly society, uncoerced by princes or prelates.” (07/02/26)

https://www.econlib.org/econlog/1776-and-all-that

A Hollow Song For a Hollow President

Source: Common Dreams
by Paul Rogat Loeb

“After musician after musician pulled out from President Donald Trump’s ‘Freedom 250’ concert, he was left with Lee Greenwood, an opera tenor, a couple of military bands, and Kash Patel’s girlfriend. The anthem that made Greenwood a star, ‘God Bless the USA,’ was written in 1985 during the height of the Cold War. It begins with the specter of loss: ‘If tomorrow, all the things were gone, I’d worked for all my life/ And I had to start all over with my children and my wife . Then the wounds disappear before they’re felt: ‘I’d thank my lucky stars to be living here today/ Because the flag still stands for freedom and they can’t take that away’. Ronald Reagan made the song his campaign theme while launching a new age of American inequality by systematically busting unions and cutting taxes for the wealthiest.” (07/02/26)

https://www.commondreams.org/opinion/hollow-song-for-hollow-president

Why People Say the Economy is Bad: Fees and Insurance

Source: CounterPunch
by Dean Baker

“People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and inflation more generally is unambiguously bad news, but is this the worst economy ever, as some of the consumer confidence measures have been showing recently? Real income for those at the middle and bottom has generally been rising by standard measures, so it seems that we’re missing something, and I’m not sure any of us have figured out what. My friend, Jared Bernstein, argues that a big part of the story is that consumers are unhappy not just because of inflation, but because prices are high. Implicitly, they expect them to come down and are unhappy that they don’t.” (07/02/26)

https://www.counterpunch.org/2026/07/02/why-people-say-the-economy-is-bad-fees-and-insurance/