Cato Podcast, 06/11/26
Source: Cato Institute
“Economics In One World Cup.” (06/11/26)
https://www.cato.org/multimedia/cato-podcast/economics-one-world-cup
Source: Cato Institute
“Economics In One World Cup.” (06/11/26)
https://www.cato.org/multimedia/cato-podcast/economics-one-world-cup
Source: The Daily Economy
by Bryan Cutsinger
“Core inflation remained relatively subdued, but headline shocks, strong demand, and a tight labor market complicate the outlook for monetary policy.” (06/11/26)
https://thedailyeconomy.org/article/inflation-is-more-than-an-energy-story/
Source: Consent Factory, Inc.
by CJ Hopkins
”
How I Learned to Stop Worrying and Love the New Normal Reich
So the German Supreme Court has ruled on my case. Their ruling is that they will not rule on my case. They sent my attorney a letter to that effect. It literally says: ‘The constitutional complaint will not be accepted for a ruling. No explanation is provided. This ruling is incontestable.’ So I am now officially a ‘hate criminal’ in Germany. I was already pretty much a “hate criminal” in Germany, but now it’s official. This is Germany’s supreme court. There is no higher court to appeal to. OK, sure, there’s the European Court of Human Rights, the international court of the Council of Europe in Strasbourg, but it doesn’t have the power to enforce its rulings, and the German authorities and courts have made it clear that they couldn’t care less about anyone’s opinion of their paranoid and authoritarian behavior.” (06/11/26)
https://consentfactory.org/2026/06/11/how-i-learned-to-stop-worrying-and-love-the-new-normal-reich/
Source: Common Sense
by Paul Jacob
“A term in pop culture analysis, now a bit passé, is worth reviving: ‘jump the shark.’ … A spectacle so goofy that it can serve as a marker for any great moment when something really goes into steep decline. The second Trump Administration has had many such moments, but are any as odd and stupid as the president’s recent remark about the Consumer Price Index?” (06/11/26)
https://thisiscommonsense.org/2026/06/11/jump-the-inflation/
Source: Truthdig
by Bill Blum
“Whoever designed President Donald Trump’s $10 billion lawsuit against the Internal Revenue Service and the Treasury Department must be a fan of the Ocean’s Eleven movie franchise. The multi-act plot lines are strikingly similar: Put together a motley crew of risk takers; pick a seemingly invincible target rich in treasure; infiltrate the target; exploit its weaknesses; and get away with an improbable heist while the guards are asleep, distracted, or otherwise occupied. Act One of Trump’s story arc began on January 29, when he and his eldest sons and the Trump Organization filed the lawsuit in federal district court in Miami. If only briefly, it seemed like the plan just might work.” (06/11/26)
https://www.truthdig.com/articles/in-his-own-heist-movie-donald-trump-stars-as-the-loser/
Source: US News & World Report
“U.S. applications for jobless aid rose modestly last week, but remain at a historically low level despite economic headwinds brought on by the war in Iran. The number of Americans filing for unemployment aid for the week ending June 6 rose by 4,000 to 229,000, the Labor Department reported Thursday. That’s the most since early February, before the U.S. and Israel launched attacks on Iran, but still considered a healthy level. It’s also more than the 216,000 new applications forecast by analysts surveyed by the data firm FactSet. Weekly filings for unemployment benefits are considered a proxy for U.S. layoffs and are close to a real-time indicator of the health of the job market.” (06/11/26)
Source: Underthrow
“The Paradox of Gender Equality.” (06/11/26)
https://underthrow.substack.com/p/the-paradox-of-gender-equality
Source: Paul Krugman
by Paul Krugman
“On Tuesday the Social Security Trustees released their latest report on the system’s finances. The numbers didn’t change much: Unless something is done, the Old Age Survivors and Disability Insurance (OASDI) program, Social Security’s official name, will be unable to pay full benefits starting in either 2032 or 2034, depending on some technical issues. That’s not far away: If the Trustees are right, the prospect of a Social Security crisis will loom over the next presidential administration. It’s important to understand, however, the nature of the looming crisis. It won’t be an economic crisis. It won’t even be a serious fiscal crisis. Whatever you may have heard, Social Security isn’t in danger of going bankrupt. What we’re facing, instead, is potential political crisis. Congress and the White House could easily take action to sustain America’s retirement system. But given the current state of our politics, there’s no guarantee that they will.” (06/11/26)
https://paulkrugman.substack.com/p/social-security-is-facing-a-political
Source: Bluegrass Institute
by Richard G Innes
“By now, a Lexington resident would have to be a recluse to not know that the area’s public school system is facing major financial problems. Coverage of issues like a $16 million budget shortfall and a contingency fund that might be only around $15 to $22 million — not the supposed $42 million — has gotten just about everyone’s attention. … One can only wonder what is going on when the district’s new, chief interim financial officer admits the district grossly overestimated revenue from property, motor vehicle and occupational taxes. Things got more odiferous when the Herald-Leader reported ‘Emails show suspended FCPS budget director warned of needed cuts’ after former district Budget director Ann Sampson-Grimes’[s] lawsuit broke. The suit alleges she was improperly removed from her position after trying to inform district leadership about serious budget issues.” (06/11/26)
Source: Washington Post
by David Ignatius
“Look at our battered world, and you see two presidents, Donald Trump and Vladimir Putin, caught in wars that they are struggling to finish. There’s a common theme with the Iran and Ukraine conflicts that we might call ‘the power trap.’ These two men can’t escape the consequences of their mistakes. Both leaders thought their enemies would capitulate in weeks. Both ignored advisers who warned that victory wouldn’t come so easily. Both still believe they can dictate the outcome, even as the chances of full success recede. Both have isolated themselves in bubbles of adulation and ignorance. The closer each gets to retreat, the more they seem to think that they’re winning.” ()6/11/26)