“Character does not matter, at least in politics. People can do things that cause embarrassment or shame, or at least would have in the past, and it will not hinder their pathway to power. If Harvey Weinstein were out of prison, he could easily win another Oscar. If Jeffrey Epstein were alive, he would still be getting solicitations for meetings and donations from Democrats [and Repblicans – TLK]. The old joke about the only way a powerful politician could be taken out is if they were caught ‘with a live boy or a dead girl’ has lost its punch, as those would likely be resumé enhancements today. Neither of those options would surprise me about the Democrat Texas has chosen to run for the Senate, and nothing would surprise me about the one they picked to run for Senate from Maine.” (06/11/26)
“I have a dream. I dream of a world where well-informed people calmly and candidly discuss society’s ugliest statistical realities. I dream of a world where no one stigmatizes those who participate in these discussions as ‘racist’ (or ‘sexist,’ ‘homophobic,’ ‘xenophobic,’ ‘anti-Semitic,’ or ‘Islamophobic’). I dream of a world where everyone in these discussions speaks respectfully about all of the groups under consideration. I dream of a world where the point of these discussions is to help craft humane tailored policy responses, not rationalize collective punishment or bless the status quo. Above all, I dream of a world where all participants are mindful that individual exceptions to statistical rules are ubiquitous. The hashtag #NotAllX is never far from the thoughts of any intellectually honest person.” (06/11/26)
“‘Heteropessimism’ is top-half women aping their bottom-half counterparts. It’s a rich person performing poor-person behavior. Like a man wearing Dickies to his graphic design job, top-half women pretend to swear off men while bottom-half women really do it.” (06/11/26)
Source: Foundation for Economic Education
by Mani Basharzad
“If someone asked me what the most dangerous economic ideology is, many would expect an Austrian to give a typical answer: Marxism, socialism, or Modern Monetary Theory. Yet I believe there is another way of thinking that is even more pervasive. It is not a coherent body of ideas like those ideologies. Rather, it is a sentiment so widespread and socially accepted that it threatens not merely economic freedom, but our very understanding of progress itself. I call it ‘nostalgia economics.'” (06/11/26)
“In the Middle East, drones, missiles, and airstrikes continue to streak across the Gulf and, with more intensity, between Israel and Lebanon. Surrounded by these adjacent conflicts, Syria, however, as the Monitor’s Taylor Luck reports this week, is ‘an island of calm in the stormy Middle East’. And of buoyant hope. That is a credit to Syrians’ resilience and faith in progress, as they confront economic and political challenges and emerge from the aftermath of years of repression and civil war. Some credit is also due their former insurgent turned president, Ahmed al-Sharaa, who has sought to shore up stability and restore basic services, through civic conciliation and political pragmatism. For the international community, Syria’s current situation validates the hope and confidence placed in the government that ousted a brutal dictatorship in December 2024.” (06/10/26)
“Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy.” (06/11/26)
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How I Learned to Stop Worrying and Love the New Normal Reich
So the German Supreme Court has ruled on my case. Their ruling is that they will not rule on my case. They sent my attorney a letter to that effect. It literally says: ‘The constitutional complaint will not be accepted for a ruling. No explanation is provided. This ruling is incontestable.’ So I am now officially a ‘hate criminal’ in Germany. I was already pretty much a “hate criminal” in Germany, but now it’s official. This is Germany’s supreme court. There is no higher court to appeal to. OK, sure, there’s the European Court of Human Rights, the international court of the Council of Europe in Strasbourg, but it doesn’t have the power to enforce its rulings, and the German authorities and courts have made it clear that they couldn’t care less about anyone’s opinion of their paranoid and authoritarian behavior.” (06/11/26)
“A term in pop culture analysis, now a bit passé, is worth reviving: ‘jump the shark.’ … A spectacle so goofy that it can serve as a marker for any great moment when something really goes into steep decline. The second Trump Administration has had many such moments, but are any as odd and stupid as the president’s recent remark about the Consumer Price Index?” (06/11/26)
“Whoever designed President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service and the Treasury Department must be a fan of the Ocean’s Eleven movie franchise. The multi-act plot lines are strikingly similar: Put together a motley crew of risk takers; pick a seemingly invincible target rich in treasure; infiltrate the target; exploit its weaknesses; and get away with an improbable heist while the guards are asleep, distracted, or otherwise occupied. Act One of Trump’s story arc began on January 29, when he and his eldest sons and the Trump Organization filed the lawsuit in federal district court in Miami. If only briefly, it seemed like the plan just might work.” (06/11/26)
“On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will.” (06/11/26)
