“Smith’s famous sentences about the butcher, brewer, and baker have often been taken to place interest (often silently emended to ‘self-interest’) at the root of human activity. Gregory Mankiw’s widely used introductory economics textbook glosses them in just this way: ‘Smith is saying that participants in the economy are motivated by self-interest.’ Smith could have said this. His famous sentences might have read ‘The butcher, brewer and baker provide us with dinner not out of benevolence, but out of self-interest. They act not out of humanity, but out of self-love, and seek their own advantage.’ But this is not what Smith wrote.” (03/20/26)
Source: Common Dreams
by Toby Miller & Joan Pedro-Caranana
“Seemingly endless recitations throughout history of what constitutes virtuous citizenship emphasize military life. A specifically masculine heritage of violence in the service of the nation oversees and delimits democracy and authority—a privileged area of social welfare in contrast to health, education, the environment, or poverty. Much classical and modern political theory assumes and even endorses domestic violence, bellicose masculinity, and the notion that ‘real’ politics is generated, discussed, and concluded between men. The idea that male virtue is tied to violence, whether in defense of faith, family, or the border, is immensely strong. From individual duels to national campaigns, the ‘right’ way to engage in violence has given rise to ideas of nobility. Masculine worth is supposedly incarnate in bloodshed and authoritarian leadership, embodied in the military as a righteous national embodiment of power, spirit, religiosity, and victory.” (03/21/26)
“Missouri’s property tax system works best when the assessments are accurate, the tax base is wide, and the rates are low. That combination will help grow Missouri’s economy for everyone while properly funding the necessary functions of local government. However, a radical change in the system is being put before voters in St. Charles, Jefferson, and Franklin counties in April. These three counties will vote on whether to prohibit any property tax increases due to reassessments. Current law requires local governments to roll back tax rates as assessments increase, but we all know that taxes still go up, sometimes substantially.” (03/20/26)
“As I pointed out exactly three years ago, on March 20, 2023, in the pages of The Spectator, the idea that there is a brewing ‘civil war’ within the Republican Party over foreign policy would be nice, if it were actually true. Then as now, stories appeared in Beltway broadsheets claiming that the GOP was at war with itself over foreign policy. … What is now unfolding isn’t a GOP civil war over Iran — it is simply a reassertion of control by the people who actually control the Republican Party. We should understand this group as distinct from Republican voters, who most assuredly do not control the President or the Party apparatus on Capitol Hill.” (03/20/26)
Source: Foundation for Economic Education
by Mark Nayler
“Though introduced to improve the lives of society’s most vulnerable workers, mandated minimum wages often have the opposite effect, especially if increased at the rate seen in Spain over the previous six years. When labor becomes more expensive, companies, in particular smaller ones, try to reduce their staff bills, either by cutting hours or laying people off. Often, they fire the least-skilled in order to retain the better-skilled. That’s if they choose to pay the minimum wage at all, which is far from guaranteed in sectors with the highest concentration of workers on the SMI.” (03/20/26)
“Artificial intelligence has become the latest excuse for reviving one of the oldest bad ideas in economic policy: a universal basic income. Recent pieces in Newsweek, the LSE Business Review, and Fortune have all helped push the idea that AI may soon wipe out so many jobs that Washington will need to send everyone a check. That makes for a catchy headline. It also makes for terrible economics.” (03/20/26)
“A government takeover of the health insurance industry is on the verge of its second moment in the spotlight. Its first test in the glare came during the 2020 Democratic presidential primaries. It didn’t go well: Candidates first endorsed the idea, also called ‘single-payer,’ and then had to retreat when others scrutinized it. If any of its current enthusiasts gets close to a competitive general election — as Platner and El-Sayed could — the party could relive that experience. That’s because Medicare-for-all’s political and policy deficiencies become impossible to ignore as soon as the debate moves beyond slogans.” (30/20/26)
“For 30 years, Section 230 of the Communications Decency Act has protected online speech, shielding platforms from liability for content posted by third parties. Basically, comments sections, discussion boards, and social media are made possible by that law. But Section 230 has long suffered attacks from people who don’t like what they see published in the digital world. This week, the U.S. Senate Commerce Committee heard arguments from both those who favor maintaining the current free environment for online speech and those who want to roll it back or outright repeal its protections.” (03/20/26)
“Just when you thought that the hare-brained schemes of the Democrats who run our beleaguered big cities couldn’t get goofier, Chicago has passed a new doozy. The Windy City is raising hotel taxes to, get this, increase tourism. Ordinance 2026-0022544 will raise the tax on hotel rooms within that district to 19% from the rate of 17.5%, with the proceeds going to an organization called Choose Chicago, which will use the cash for tourism marketing campaigns. The top target on Choose Chicago’s wish list of events is the 2028 Democratic National Convention, and now, everyone who books a room in Second City gets to chip in a bit on the effort. It’s quite a thing: Only a leftist Democrat could possibly think that making it more expensive to visit Chicago will increase tourism. Maybe they should throw in a complimentary mugging to sweeten the deal.” (03/21/26)
