A better world since 1968

Source: Adam Smith Institute
by Madsen Pirie

“In December 1968, three very brave men went around the moon in the first manned flight of the Saturn 5 rocket. Four years later in 1972, the last astronauts of the Apollo programme visited the moon. Now, 58 years after that first flight, and 54 years since the last one, it is happening again and people are asking if the world is better now that it was then. The answer is an emphatic YES. The most dramatic event has been the decrease in extreme poverty.” (04/06/26)

https://www.adamsmith.org/blog/myda7mk96sukrw68mz7hsi9c8uz4i5

MAGA Champion Need Not Apply

Source: The American Conservative
by Spencer Neale

“Strange bedfellows defined the coalition that carried Donald Trump to the presidency in 2016 and 2024. Evangelicals, libertarians, nationalists, and traditional Republicans, groups with little agreement on core policy, laid down their knives on those November Tuesdays to rally behind a whimsical, big-city showman who built, and often mismanaged, his inherited empire. Trump was their champion — a comedian, a performer, but, most importantly, a fighter. If MAGA was anything, it was a coalition bound less by shared policy goals than by a shared sense of grievance and a love for the game. And we were played. I should know. I voted for the man. His faults now exposed for the world to see are, in part, my own.” (04/06/26)

https://www.theamericanconservative.com/maga-champion-need-not-apply/

The Elusive Giffen Good, Once Again

Source: Ludwig von Mises Institute
by Mark Thornton

“The mysterious Giffen has once again risen from the ashes. In this iteration, it’s silver in the red-hot precious metals market. This so-called anomaly makes for a great story and interesting explanation, but it does not represent a genuine exception or a valid attack on the fundamental laws of economics. It is another example of the questionable scholarship of the Grand Wizard of Mainstream economics, Alfred Marshall.” (04/06/26)

https://mises.org/mises-wire/elusive-giffen-good-once-again

The Terrorist in Chief

Source: Paul Krugman
by Paul Krugman

“Terrorism, according to ICE — yes, that ICE — ‘involves violence or the threat of violence against people or property to further a particular ideology.’ The official website goes on to declare that ‘Terrorists do not care who they hurt or kill to achieve their goals.’ If you haven’t read Donald Trump’s Truth Social post from Sunday, above, take a minute to do so. Don’t rely on sanewashed descriptions in the media. And then tell me that Trump doesn’t perfectly fit his own officials’ definition of a terrorist.” (04/06/26)

https://paulkrugman.substack.com/p/the-terrorist-in-chief

Newly Obtained Video of Minneapolis Shooting Exposes ICE Gang Lie

Source: New York Times

“Almost immediately after an immigration agent shot and wounded a Venezuelan immigrant in Minneapolis this winter, the federal government cast the injured man as an attempted murderer and the agent as the victim of a brutal beating. … video footage of the shooting, newly obtained by The New York Times, raises questions about why it took weeks for the government’s case to fall apart. The video contradicts the agent’s claim that three assailants had beaten him with a shovel and broom for roughly three minutes before he opened fire. Instead, the confrontation depicted in the video lasts about 12 seconds and shows two men struggling with the agent. It shows no sustained attack with a shovel.” (04/06/26)

https://archive.is/nur7V

Adam Smith on Slavery

Source: EconLog
by Jack Russell Weinstein

“Smith did not think that sympathy would lead to masters sympathizing with their slaves, but he seemed to have faith that it could motivate abolitionists to push for change. He did not think politics or religion could end slavery, but had enough faith in economic persuasion that he dedicated time to the problem in his classes. He knew that he was educating the next generation of Scottish leaders and lamented, to them, that he doubted economic motivation would be sufficient for masters to liberate those under their yoke: ‘It is indeed allmost impossible that it should ever be totally or generally abolished,’ even in ‘a republican government.’ What, then, could the abolitionist hope for? The answer may be only the uneven progress of history.” (04/06/26)

https://www.econlib.org/econlog/adam-smith-on-slavery