Capital Record, episode 329
Source: National Review
“Hopelessness and Social Unrest.” (10/20/26)
https://www.nationalreview.com/podcasts/capital-record/hopelessness-and-social-unrest/
The Cost of Europe’s Steel Wall
Source: Foundation for Economic Education
by Cláudia Ascensão Nunes
“Steel tariffs protect producers at the expense of the businesses that depend on them. As of July 1, the European Union has capped duty-free steel imports at about 18.3 million tonnes (20.2 US tons) a year, 47% below 2024 quota levels. Regulation (EU) 2026/1384 also doubles the duty on imports that exceed those limits, from 25% to 50%. Brussels justifies these measures by pointing to global overcapacity and the need for strategic autonomy. Yet, by making imported steel more expensive, it risks hurting thousands of European companies that rely on this raw material to compete in domestic and international markets.” (10/20/26)
The Traitor in Chief
Source: Paul Krugman
by Paul Krugman
“Previous administrations have made deals with erstwhile adversaries, as Nixon did with China, and given up on support for failing allies, as the U.S. did in Vietnam and Afghanistan. But never before have we outright switched sides, let alone supported an aggressor while vilifying that aggressor’s victim. What makes Trump’s support for Putin even more remarkable is that Russia has, by many accounts, been actively aiding Iran against America in the war Trump started. Who says so? Well, among others, Dan Caine, chairman of the Joint Chiefs of Staff. … What would Republicans be saying if a Democratic president were supporting a foreign dictator even as that dictator was helping another nation kill American troops? They would be crying ‘treason.’ But this is all apparently ‘fine’ with Trump.” (10/20/26)
US regime orders federal agencies to remove China’s DeepSeek AI from their systems
Source: TechCrunch
“The U.S. has ordered federal civilian agencies to stop purchasing services and products developed by Chinese AI startup DeepSeek and remove them from government IT systems over national security concerns tied to the Chinese AI startup’s operations in China, according to the Department of Homeland Security. The order goes beyond banning DeepSeek’s own product, but also covers third-party products and services built using DeepSeek technology, though agencies can request exceptions. The DHS raised concerns about DeepSeek’s handling of user data, warning that sensitive information from US government users could potentially be accessible to Chinese authorities under Chinese law, the order said. … China pushed back against the U.S.’s move. Foreign Ministry spokesperson Mao Ning said Tuesday that Beijing opposes ‘overstretching the concept of national security and politicizing technology and trade issues,’ according to an official briefing.” (10/20/26)
Trump Watch, 10/20/26
Source: Future of Freedom Foundation
“The Mid-Terms Won’t Make Any Difference.” (10/20/26)
Lessons From Political Violence in the 1876 Presidential Election
Source: Ludwig von Mises Institute
by Wanjiru Njoya
“In the ongoing debate about enforcement of the Voting Rights Act, civil rights activists allege that the Trump administration is intimidating black people to impede them from voting. They invoke the history of the Reconstruction era, arguing that ‘voters, especially voters of color, are intimidated and fearful of engaging in the democratic process.’ For historical context, it must be noted that during Reconstruction a vast majority of black people voted for the Republican Party, which they regarded as the party that brought them emancipation and voting rights. They felt they owed their allegiance to the Republicans and were encouraged in this belief by the Union Leagues. The history of that era is commonly recounted as if all the violence emanated from one side—the Democratic Party. The Republican Party is absolved of all moral blame.” (10/20/26)
https://mises.org/mises-wire/lessons-political-violence-1876-presidential-election
French Riots, Russian Playbook
Source: The Next Move
by Garry Kasparov
“In late summer 1944, as the Allies clawed France back from Nazi occupation, Adolf Hitler is reported to have asked one of his generals, ‘Is Paris burning?’ The führer’s question was more of a demand; Hitler wanted to deploy scorched-earth tactics in the French capital to slow the Anglo-American advance. Fortunately, the German dictator’s underlings punted and Paris was spared. Today, however, Paris is in flames, along with several other French cities. Rioters have torched cars and buildings and smashed homes and storefronts. Like Hitler before him, Vladimir Putin needs the West ablaze in order to postpone military defeat. With Russia, nothing comes out of the blue. The timing—coinciding with Donald Trump’s final, complete betrayal of Ukraine, ahead of the November US midterms and presidential elections in France next spring—is no accident.” (10/20/26)
OH: Democratic governor candidate’s estranged mother urges voters to reject her
Source: Fox News
“Democratic Ohio gubernatorial candidate Amy Acton’s mother urged voters not to cast their ballot for her daughter, calling her ‘a liar’. ‘I love my daughter. But when I saw her lying about her opponent — it’s not easy for a mother to say this — but Amy has a serious problem. She is a liar.’ … Acton, a former Ohio Department of Health director, issued a statement from her brother. The release containing the statement described the woman as the siblings’ ‘estranged and abusive mother.’ ‘It’s not surprising that Vivek Ramaswamy has stooped to such a despicable low as to attempt to turn the sexual abuse Amy endured at twelve years old from our birth mother’s husband into a political talking point,’ Philip Stearns said in the statement. ‘After he was arrested and Amy and I were removed from their custody, our birth mother stayed married to Amy’s rapist until he died.'” (10/20/26)
Ron Paul Liberty Report, 10/20/26
Source: Ron Paul Liberty Report
“GOP Senators Freak Out As Trump Eases Russia Sanctions!” (10/20/26)
These Conservatives Fought an Ill-Fated War, but Recovered and Won the Next Election
Source: The American Conservative
by James P Pinkerton
“The Anglo leader looked across the globe and saw a Muslim nation, which had already been stirring things up, potentially threatening a vital waterway. At the same time, Israel had its own beef against that country, and was pushing for a joint first-strike. So together, the two governments launched a military attack. But things did not go well. Casualties were low, but the political blowback was shattering. Is this a sketch of the ongoing conflict between the United States and Iran? Some might so assert, and that can’t be helped. Yet these are the outlines of the Suez Crisis of 1956.” (10/20/26)