“When Americans repealed Prohibition in 1933, alcohol consumption did not immediately settle into the pattern we recognize today. Consumption rose substantially over the following decades, eventually peaked around 1981 and then declined for more than a decade. … Along the way, Americans learned to live with legal alcohol. Knowledge, customs, and social norms evolved around its responsible use. We learned to distinguish drinking from drunkenness. We came to strongly disapprove of drinking and driving and of drinking on the job. People learned to recognize their own limits, and friends and families learned to recognize when someone’s drinking was becoming a problem. None of those norms required us to conclude that, because alcohol can cause addiction, disease, accidents and death, we should prohibit adults from drinking it. Cannabis may be undergoing a similar period of adjustment.” (08/25/26)
“A few weeks ago, the Labour back-bencher, Paula Baker, was held to have disgraced herself with remarks revealing that she hadn’t much of a clue about the bond market. There have been similar such remarks from Zarah Sultana and Nadia Whittome, other Labour back-benchers. Cue for much chuntering by those claiming to know better. But this is silly. Why should Labour back-benchers turn up knowing all about the bond market? They have recently been hired to a new job with new responsibilities. Like the rest of us, they have to learn on the job. Come to think of it, why should you, the reader of this blog, know such things? You’re all about politicians, polls and programmes. Even the freest market of inclinations are no education in the gobbledegook of bonds, with its weird vocabulary and unintuitive arithmetic. So, here’s the ‘for Dummies’ story.” (08/25/26)
“In countries with eroding democracies, many people have watched Hungary over the past three months make rapid reforms under a new prime minister, Péter Magyar. In April, he and his center-right Tisza party won a landslide election victory that ousted Viktor Orbán. The pro-Russia conservative leader ruled for 20 years in total, leaving a web of corrupt cronyism in highly compromised state institutions. Mr. Magyar’s reforms have so far required a nuanced distinction between seeking personal retribution for the closest supporters of Mr. Orbán and merely holding them accountable for misdeeds. ‘One thing we … cannot do,’ said András Baka, a former head of the Supreme Court who took over the largely ceremonial position of president this month, is ‘build the new Hungary on revenge.’ ne liberal newspaper, HVG, noted that Mr. Magyar’s supporters are ‘noticeably impatient’ and that ‘their demand for accountability is by no means free from a desire for revenge’.” (08/24/26)
“We are told that we have no expectation of privacy on public roads. But is a Flock of a.i.-backed cameras the kind of thing we want spying on us, tracking our every move? While we say that ‘it’s only a conspiracy if they do it in secret,’ what is it when the people who seek to destroy the last vestiges of our privacy demand their own privacy even as they plot against us?” (08/25/26)
“I recently wrote about Hasan Piker leading a hatefest in San Francisco with thousands mocking the death of Charlie Kirk. He is now being condemned for a livestream statement suggesting that American Jews are asking to be attacked if they continue to support Israel. On the Aug. 20 livestream, Mr. Piker declared: ‘If Jews in America keep putting this idea out there that they are singularly invested in Israel, eventually someone’s going to come around and take action, not against the state of Israel — mind you — but against American Jews.’ The veiled threat was just the latest shocking statement from Piker, who has said that America deserved 9-11 and displays a picture of the attack on his wall during podcasts.” (08/25/26)
“A full refund may balance an airline’s books, but it doesn’t make a stranded passenger whole. The difference illustrates one of economics’ most important insights: value is subjective.” (08/25/26)
“There is no bigger con man in the United States than Supreme Court Chief Justice John Roberts. Not even President Donald J. Trump. The con began in September 2005, during Roberts’s confirmation hearing before the Senate Judiciary Committee. Articulate, handsome, and energetic at 50 years old, Roberts seemed to have been culled ‘straight from central casting’ …. Roberts was also convincing—he famously promised that if confirmed, he would serve in the fashion of a baseball umpire, calling only ‘balls and strikes, and not to pitch or bat’. Seventy-eight senators, including 22 Democrats, fell for the ploy and voted to give him the lifetime assignment. The biggest yarn Roberts told during his hearing concerned his views on the Voting Rights Act of 1965 (VRA), a cornerstone of American democracy, which the Supreme Court gutted this past April in a redistricting case from the state of Louisiana (Louisiana v. Callais).” (08/25/26)
“Roepke was born near Hanover, Germany, in 1899. He died in Geneva, Switzerland, in 1966. After serving in World War I, he attended the University of Marburg and graduated in 1921, and later became one of the youngest professors in Germany; he served on the Brauns Commission of the Brüning administration to propose policies to deal with the growing unemployment crisis during the early days of the Great Depression. He actively opposed the National Socialists, and when Hitler was inaugurated as chancellor in January 1933, he left Germany, heading first for the Netherlands, and then finally to the University of Istanbul.” (08/25/26)
“Don’t worry, America. As you lament the high cost of living, the president is here to protect you from the menace of … imported goods from Canada that he has decided are too cheap. … The self-described ‘affordability president’ keeps coming up with new ways to make goods more expensive.” (08/25/26)
Source: Brownstone Institute
by David Bell & Ramesh Thakur
“The recent release of Anthony Fauci’s diaries, followed by his refusal to answer questions in an appearance before a US Senate committee by invoking the Fifth Amendment protection against self-incrimination 111 times, highlighted a stark divide in how the Covid pandemic was handled by public health authorities. … their private contemporaneous conversations confirm that even the top scientists were making decisions based on scientific uncertainty. Consequently, one of the key legacies of the public-private gap is growing distrust of official claims. That scepticism should extend to the future pandemic agenda. We rely on the World Health Organisation to coordinate among countries to prevent scourges such as pandemics reaching our shores, or at least mitigate their effects. In doing so, we must defer to an army of international bureaucrats who work in such institutions. A deference that relies on trust.” (08/25/26)
