“Consider the markets for fresh vegetables and instant noodles. Assume that fresh vegetables are a normal good, while instant noodles are an inferior good. Suppose Congress bans a commonly used fertilizer and pest-control chemical in vegetable farming. Without this input, vegetable yields fall and there is increased spoilage from pest damage.” (06/02/26)
“While Hamas has previously stated, on numerous occasions, that it would lay down its weapons in exchange for the creation of a Palestinian state based on the pre-1967 borders, Israel has repeatedly rejected such an offer. In fact, the IDF has pushed deeper into Gaza since the ceasefire was signed and now occupies 60% of the strip instead of the 53% that was originally agreed on. By refusing to consider Hamas’s core demand, a mutually respected long term peace deal becomes difficult to envision.” (06/02/26)
“The conservative influencers have spoken: Harley-Davidson — whose motorcycles helped create the paradigm of American masculinity — is in fact woke and gay. The past week has seen wave after wave of MAGA personalities and meme accounts decide, seemingly out of nowhere, that Harley-Davidson was company non grata. MAGA influencer Priya Patel declared the manufacturer ‘fundamentally anti-American,’ while Hercules actor-turned-tweeter Kevin Sorbo said his friends were abandoning Harley-Davidson en masse. Conservative meme account ‘Prison Mitch’ told his more than 100,000 followers that Harley-Davidson is ‘woke and gay’ then posted a picture of a man in a biker’s vest having gay sex (jarring but basically SFW), quipping that Harley-Davidson riders rode a very different kind of ‘hog.'” (06/01/26)
“While Washington’s war with Iran drags on, month after month, without any end in sight, the world is witnessing the very real limits of U.S. global power. As President Donald Trump lurches repeatedly from threats of devastation to promises of peace, it’s becoming increasingly clear that U.S. military might is no longer capable of subduing even a mid-sized power like Iran, much less holding the rest of the world in its thrall. Amid all the drama of air raids, drone strikes, and naval blockades, there are deeper geopolitical forces at play that lend a lasting historical import to events in the Persian Gulf — dynamics best seen by comparing two newspaper editorials with revealing similarities despite the 80 years separating their publication.” (06/02/26)
Source: Ludwig von Mises Institute
by Wanjiru Njoya
“In the natural rights tradition, the rights to life, liberty, and property are inherent and inalienable. They are not “created” by the Constitution but are recognized and protected by it. It means each and every individual has these rights even if the law might deprive them of their rights. Justice Thomas explains how he learned this from his grandparents, who raised him, in Savannah, Georgia …. Justice Thomas was right to say that equality in this sense is a universal ideal, but he went astray when he attempted to ground this ideal in the Declaration of Independence.” (06/02/26)
“There is a high likelihood that due to the past large decline in the yearly growth rate of the money supply, the US economy is heading towards an economic bust. Note that the yearly growth rate of money supply fell from 79% in February 2021 to minus 7% by May 2023. The sharp decline in the yearly momentum of money supply is starting to hurt various activities that emerged on the back of the huge increase in the money supply yearly growth rate between August 2019 and February 2021 – from minus 1% to 79%. It is likely that the effect of this massive increase is still dominating the present state of economic activity.” (06/02/26)
“The Trump administration has bent over backward to negotiate an end to Iran’s grand plans to develop nuclear weapons—before the June 2025 bombing, afterward, and again during the follow-up diplomacy of spring 2026. Yet Iran is unlikely ever to abandon its pursuit of the bomb voluntarily. With nuclear weapons, Tehran hopes to become the de facto hegemon of the Middle East. Only then could it effectively coerce or deter both Israel and the wealthy Arab Gulf states. And that is the charitable view, one that excludes the possibility of a messianic Shiite theocracy believing that eliminating the “one-bomb” state of Israel would forever ensure the Shiite minority permanent preeminence in the pantheon of Islamic jihadists. After three months of intermittent war, we are now better acquainted with Iran’s intentions and the realities of the conflict. The Iranian regime has never viewed ‘negotiations’ as a path leading to an ultimate ‘deal’.” (06/02/26)
Source: Foundation for Individual Rights and Expression
by Angel Eduardo
“Like any country, the British government can exercise broad discretion when it comes to who it decides to let into its borders. There is currently no proof that Uygur’s and Piker’s views on Israel were the motivating factor behind their visa revocations, but if they were, it’s yet more evidence of the UK’s backsliding on free speech in recent years. Remember the UK police database tracking ‘non-crime hate incidents?’ Or the 12,000 people arrested in the UK in 2023 for their online speech? And who can forget the UK government’s ominous and Orwellian ‘Think before you post’ warning on social media back in 2024? Perhaps most disappointingly, the banning of scheduled speakers from entering your country also betrays an unwillingness or inability to engage with ideas and arguments on their merits.” (06/01/26)
“Jill Biden’s book is not even out yet — and she’s already trying to get it displayed on both the fiction and the non-fiction shelves. From her husband’s mental decline to the pardoning of her son, the former first lady has moved from the historical to the fanciful. Thomas Jefferson once wrote that ‘honesty is the first chapter in the book of wisdom’ — but if her promotional interviews are any measure, that chapter appears to be entirely missing from View from the East Wing: A Memoir. Last week Biden faced a torrent of criticism, including from Democrats like her former spokesperson, over her claim to CBS News that she thought her husband’s debate meltdown meant he might have been suffering a stroke. The interviewer didn’t mention the fact that Biden famously declared at the time that her husband was brilliant in the debate, and denied he was showing signs of mental decline.” (06/01/26)
