“After musician after musician pulled out from President Donald Trump’s ‘Freedom 250’ concert, he was left with Lee Greenwood, an opera tenor, a couple of military bands, and Kash Patel’s girlfriend. The anthem that made Greenwood a star, ‘God Bless the USA,’ was written in 1985 during the height of the Cold War. It begins with the specter of loss: ‘If tomorrow, all the things were gone, I’d worked for all my life/ And I had to start all over with my children and my wife . Then the wounds disappear before they’re felt: ‘I’d thank my lucky stars to be living here today/ Because the flag still stands for freedom and they can’t take that away’. Ronald Reagan made the song his campaign theme while launching a new age of American inequality by systematically busting unions and cutting taxes for the wealthiest.” (07/02/26)
“People’s negative assessments of the economy continue to be somewhat of a mystery. The recent run-up in gas prices and inflation more generally is unambiguously bad news, but is this the worst economy ever, as some of the consumer confidence measures have been showing recently? Real income for those at the middle and bottom has generally been rising by standard measures, so it seems that we’re missing something, and I’m not sure any of us have figured out what. My friend, Jared Bernstein, argues that a big part of the story is that consumers are unhappy not just because of inflation, but because prices are high. Implicitly, they expect them to come down and are unhappy that they don’t.” (07/02/26)
Source: Libertarian Institute
by Joseph Solis-Mullen
“Today, Taiwan occupies a uniquely important position in the global economy. The island produces the overwhelming majority of the world’s most advanced semiconductors, manufacturing the chips that power everything from smartphones and artificial intelligence systems to automobiles, satellites, and advanced weapons platforms. Taiwan has become so central to the modern technological order that analysts since the 1990s have routinely described its semiconductor industry as a ‘silicon shield,’ a strategic asset so important that no major power can afford to see it disrupted. As the debate continues over whether to de-risk or re-shore American semi-conductor supply chains, how we arrived at this point can be instructive.” (07/02/26)
“Rather than debate their critics on the merits, many in the establishments of both parties have sought to dismiss any criticism of Israel as antisemitism, pure and simple. As Sen. Ted Cruz said last month during a diatribe against the popular commentator (and noted Israel skeptic) Tucker Carlson, ‘We are seeing a cancer on the right. It is rising antisemitism …. Here’s the scary thing: I’ve seen more antisemitism on the right over the last 18 months than any time in my life.’ … Leaving aside the histrionics, the Senator from Texas is right about one thing—both the hard right and the hard left have ended up in a similar place on Israel. And for similar reasons: opposition to American vassalage, disgust with the treatment of Palestinians, skepticism of the endless regional wars, and a conviction that our resources are better spent at home.” (07/02/26)
“The idea that human flourishing is the proper measure of a good society goes back to Aristotle, but modern attempts to compare flourishing internationally using subjective survey data raise difficult questions. That is illustrated in the scatter chart shown above – which compares the degree of human flourishing in different countries as measured by the new Global Flourishing Study (GFS) with average life evaluation data for those countries using the methodology of the World Happiness Report (WHR).” (07/01/26)
“The Kansas City Chiefs just released a two-page statement with numerous claims about the benefits of a new stadium, practice facility, and team headquarters in Kansas. There are reasons to be skeptical. First, the press release includes some findings from an economic impact analysis that was conducted by a consultant the team hired. We don’t have the full report itself—just these selected highlights the Chiefs chose to share.” (07/01/26)
“We’ve had a pretty good run as a country. Sure, it’s not been a millennium or anything like that, but for a republic in the modern age, the United States turning 250 years old is a pretty major accomplishment, one worth celebrating. That’s what makes it so odd that half the country not only isn’t celebrating, but they’re actively mourning our nation’s continued existence. These people are broken and deserve all the bad that comes their way. Don’t just celebrate July 4 despite them; celebrate it to spite them. Go to any antique store or mall, and you will see countless items from the bicentennial. Everything from blankets to ashtrays can be found. While it’s weird to think that just 50 years ago smoking was very common, it’s weird to think that today love of country is not. But that’s the state of Democrats today.” (07/02/26)
“President Trump has a lot of obsessions. If you had to name the ones he cares about the most, the list would probably include imposing tariffs on imports, getting the Federal Reserve to lower interest rates (even if it means ousting board members who disagree), abolishing mail-in voting, ending birthright citizenship for children of illegal immigrants, and—last but not least—fighting personal lawsuits brought against him since his first administration. And yet on every one of these fixations, the Supreme Court in its just-completed term dealt Trump a defeat.” (07/01/26)
