“Every time I get asked by a TV anchor what I think about the drama of the Lincoln Memorial Reflecting Pool, my favorite ‘historical’ headline from the Onion comes to mind: ‘World’s Largest Metaphor Hits Ice-Berg’ And every time I do, I hear from defenders of the Trump administration complaining about the disproportionate media coverage of what should be a very minor story in the grand sweep of things. They have a point. … I can think of scores of stories that deserve more attention on the merits. But there are two problems with this complaint. First, it was Trump who invited extensive scrutiny of the effort. … Second, there’s the metaphor-on-the-Mall problem. The Reflecting Pool is a microcosm of nearly everything that vexes people about the second Trump term.” (06/23/26)
“Even if the framework agreement to end the U.S.-Israel-Iran War is successful, economic fallout from the conflict will persist at least through the end of the year. And the consequences for the global economic system — particularly the centrality of the U.S. dollar and its dominance of the oil trade — may be more far reaching. Analysts have suggested that the war may spell the end of the so-called petrodollar, or alternatively that it could bring about an era of renewed dollar dominance, or that really, the petrodollar ceased to be a meaningful driver of U.S. monetary hegemony decades ago. The latter vein of analysis is largely correct.” (06/23/26)
“One of my earliest memories growing up in Kalamazoo, Michigan, was a visit to the bakery at the A&P grocery store at 5800 Gull Road. It was one of a handful of places my parents could afford to shop at in the midst of the great stagflation of the 1970s. My mother made amazing birthday cakes for us as kids, and I presume she was there for some ideas. I had other things in mind. They gave away free ‘donut holes’ to kids who were presumably well-behaved, leading to my temporarily angelic behavior whenever we went there. Little did I know then, A&P was once regarded as a retail behemoth. A monopoly needing to be cut down to size. Their crime? Volume discounts. This allegedly nefarious practice was at the center of anti-chain-store sentiment that reached a fever pitch with the passage of the Robinson-Patman Act in 1936.” (06/23/26)
“The tentative ‘memorandum of understanding’ with Iran has caused glee on the Left and furor among many on the Right. The Left might welcome ‘peace,’ but surely not as much as it enjoys infighting on the Right over the details. If last week Democrats were calling Trump a fascist warmonger, now they deride his peace efforts as those of a Neville Chamberlain patsy. Within 24 hours, the Left’s talking points shifted from a mad bomber-style Curtis LeMay in the White House to an impotent appeaser. A week ago, some Republicans were arguing that not one of the prior seven presidents had dared to use force to stop Iran’s nuclear program. Now some of them are deriding him as an Iranian enabler.” [editor’s note: Poor Vic never seems to handle the failures of his approved schemes very well – TLK] (06/23/26)
“If there is one thing we have learned since 2020 it is the power of confirmation bias. The public health establishment has presented a mass of data and analysis to show that it was right all along about the Covid-19 pandemic and saved millions of lives. This finding has been accepted at face value and incorporated into policy, but rests on shaky foundations. We need to look at the big picture. Apologists for vaccination generally use point-to-point comparisons – they pick an arbitrary date near the peak of the epidemic curve and compare it to a later date to show that an intervention is correlated with a reduction in infections or mortality. This is open to case-counting window bias and immortal time bias – another selection of dates could yield an entirely different result.” (06/23/26)
“No War Powers Resolution has ever successfully survived a presidential veto in U.S. history. The vote is therefore largely symbolic but politically potent as a sign of fracturing GOP unity. And for Massie, an outgoing congressman with nothing left to lose, it represents a final stand for the constitutional principle he spent his career defending. Massie’s resolution will almost certainly die in the Senate or fall to a presidential veto, not because the constitutional argument is weak but because the bipartisan addiction to executive war-making is stronger than any single congressman’s principles.” (06/23/26)
“This month has seen two tightly contested runoff elections in South America. The results from Peru’s poll, held more than two weeks ago, are still not official – but indicate a razor-thin margin of 35,000 to 40,000 votes for the conservative candidate. The count of Sunday’s vote in Colombia has been much quicker, showing a win for right-wing political outsider Abelardo de la Espriella, by a 1% margin over his rival. In the wake of highly polarizing campaign rhetoric, some observers might see the results as confirmation of a deep, irreconcilable divide within the electorate. But, viewed through a different lens, the results point to the virtually equal desire among citizens for safety and rule of law – as well as policies that offer pathways out of poverty and high economic inequality.” (06/22/26)
“A new book shows how a phrase made its way from the crime pages to our political arguments—and picked up a passel of meanings along the way.” (06/23/26)
“Why are Democrats and their teachers’ union masters trying to shoot down parental choice in education even when we now have so many examples of these programs working? Choice and competition are two of the hallmarks of the American economy. When stores compete, customers win. Turns out this is also true for schools. That’s an inviolable law of economics. A corollary is that monopolies tend to put customers last. This is all happening at a time when public monopoly schools are showing flat or negative performance despite more funding than ever before. This is one reason why so many states are turning to the new model of school choice, with public funds going to scholarships and charter schools, and tax incentives for charitable donations to private and Catholic schools.” (06/23/26)
