“You’ve heard of a feedback loop. The thermostat is a classic example. It senses the room, compares the reading to the target, and then acts to close the gap. Output bends back to become input. The system corrects itself because information about how it’s doing reaches the part that can do something about it. Now consider a particular kind of feedback loop, the kind bound up with human performance. Call it an accountability loop. Its defining feature is that the person responsible for an outcome feels its consequences. Do well, and good things follow. Fail, and the failure lands on you. The signal returns to its source.” (06/16/26)
Source: Foundation for Economic Education
by Mark Nayler
“For the last couple of years, the EU has been on a mission to make European businesses more competitive through a process it calls ‘simplification.’ This means slashing red tape — especially in the form of reporting and compliance obligations — by 25% for all companies, and at least 35% for SMEs. Backed by Germany, Italy, and the Nordic countries, the project is said to have already saved EU companies €15 billion in administrative costs, almost halfway to the €37.5 billion savings goal set by Brussels for 2029.” (06/16/26)
“It’s been more than 100 days since the United States and Israel launched their first wave of attacks against Iran. With Iran and the U.S. now agreeing to sign a memorandum of understanding on Friday, it will likely be another 60 days before a conclusive end to the war is in sight. Given the thorny issues between the two countries – especially the still-unsettled matter of Iran’s nuclear enrichment program – finalizing a peace deal in the 60-day ceasefire window is a considerable challenge. If the envisioned ceasefire holds, and oil shipments move smoothly through the Strait of Hormuz, a longer period to work out all the details might not be a bad thing for what one analyst described as ‘the slow institutional work of conflict transformation.'” (06/15/26)
“Trump insisted the FISA 702 renewal must be linked to his top priority, the SAVE America Act, a clearly unconstitutional federalization of elections designed to make it harder for Americans to vote.” [editor’s note: Don’t pass either of them — “problem” solved – TLK] (06/16/26)
“As former British Prime Minister Tony Blair aptly said: A good way to measure a country is how many people want to get in, and how many want to get out. The same can be said of a state. And when it comes to California, people are increasingly opting for ‘out.’ The state is unaffordable, with a declining quality of life, a long list of crises and a failed yet arrogant governing class. It’s against this backdrop that Kamala Harris and Gavin Newsom remain the front-runners for the 2028 presidential nomination, according to a Center Square Voters’ Voice poll. Per the early-June survey, 27% of registered Democratic and left-leaning independent voters favor Harris, followed by ‘not sure’ at 17% and Newsom at 14%. California voters might ask themselves: If a train-wreck (2024) presidential candidate and a plastic, egocentric governor are the best this state can offer, then what exactly are we doing here?” (06/15/26)
“If you had a heart attack in the 1960s, you got some morphine for pain and a firm mattress, a bit of nitroglycerin under the tongue or some basic drugs to steady an erratic heartbeat. Now you will be rushed into a maze of tubes and monitors, clot-dissolving drugs and pacing wires, multiple modes of imaging followed perhaps by rapid surgery to remove a persisting blockage. Far fewer people die; it’s all good and considered worth the money. The world of infectious diseases is very different. It faces an intrinsic market failure. While an increasingly old and fat population ensures a growing cardiac disease market, infectious diseases are on an inexorable decline.” (06/16/26)
“The Obama Presidential Center will open soon to the public in Jackson Park, Illinois, an $850 million gleaming monument to one man’s legacy. Yet for the families of Woodlawn, South Shore and the rest of Chicago’s South Side, there are many unhappy faces and concerns. Some of us wonder how this will better our neighborhood. Ever since the monument was announced, the local residents have dealt with unfulfilled promises, rising rents, displacement fears and continued violence. We have a right to be skeptical. After all, it’s common sense. For many of us, the varnish that Barack Obama once had as the first Black president of the United States has worn off. Many of us remember how Obama first came to these streets as a community organizer. What lasting impact did he leave? Very little.” (06/16/26)
Source: Responsible Statecraft
by Jennifer Kavanagh
“When Donald Trump arrived in the White House in January 2025, securing a quick end to the war in Ukraine was near the top of his foreign policy agenda. Despite political backlash, he pushed ahead with this objective early in his second term by resuming dialogue with Russian President Vladimir Putin and initiating parallel diplomatic tracks with Kyiv and Moscow. Eighteen months later, however, peace talks have stalled and the war has only escalated. U.S. distraction in the Middle East is to blame for the most recent setback, but the failure of Trump’s initiative has deeper roots. Simply put, Trump’s efforts in Ukraine to this point have been counterproductive, pushing peace further off rather than bringing it closer.” (06/16/26)
“Continued inflation, hawkish regional bank presidents, and 11 of 12 monetary policy rules suggest the Fed should raise rates. The price of the Fed’s ‘patience’ could be paid economy wide.” (06/16/26)
