Source: The American Prospect
by Robert Kuttner

“On Wednesday, the Consumer Price Index for September came in hotter than expected. Inflation was up at an annual rate of 3.7 percent. Gasoline prices rose 34 percent over the past year, and home heating oil is up a staggering 74 percent. Combined with other factors, this news spooked the stock market. The tech-heavy Nasdaq fell by 2.7 percent. Then on Thursday, the Producer Price Index (PPI) report clocked a wholesale price rise of 1.3 percent just in September, an increase of 6.3 percent over the past year, and the largest 12-month increase since December 2022. The other factors signaling deep trouble include a bond market that keeps bidding up rates on long-term Treasury securities, now the highest since 2002, reflecting expectations of more inflation, and increasing interest costs throughout the economy. This in turn adds to consumer and small-business pain and increases borrowing costs for the heavily leveraged tech sector.” (10/16/26)

https://prospect.org/2026/10/16/perfect-economic-storm-trump-inflation/

Source: Independent Institute
by Alex Tokarev & Kristin Tokarev

“Everyone knows the math is getting worse. Americans are living longer. Birth rates are falling. Fewer workers are supporting more retirees. The Social Security trustees project the program’s trust funds will be depleted in the early 2030s, leaving payroll taxes insufficient to pay all scheduled benefits unless Congress acts. Yet every election brings the same warning: Don’t touch my Social Security! That’s why President Donald Trump’s reported interest in Australia’s retirement system matters. Not because Australia has discovered the silver bullet for that fiscal monster. Because someone in Washington is finally asking whether a retirement system designed during the Great Depression is still the best America can do in the 21st century.” (10/16/26)

https://www.independent.org/article/2026/10/16/the-third-rail-is-dead/

Source: Free Association
by Sheldon Richman

“So, what good are the rich? Sumner had the good common sense to understand what so many do not understand today: ‘The great gains of a great capitalist in a modern state must be put under the head of wages of superintendence. Any one who believes that any great enterprise of an industrial character can be started without labor must have little experience of life.'” (10/16/26)

https://sheldonrichman.substack.com/p/tgif-more-wealth-creators-needed

Source: Coyote Blog
by Warren Meyer

“I have not blogged for a while but recently I have allowed all the election advertising to get under my skin. The solution sets being discussed — to the extent any solutions are discussed rather than just promoting fear of the other team –are so divorced from any sensible analysis of cause and effect that it is almost intolerable to even listen. For this article, I have taken real things people have expressed concern about in this election cycle and I have proposed six meta issues that are closer to the true causes of people’s concerns. Of course, none of this is being discussed by anyone on either side in this election.” (10/16/26)

https://coyoteblog.com/coyote_blog/2026/10/six-meta-problems-that-should-be-issues-in-the-election-but-are-not.html

Source: Law & Liberty
by Emina Melonic

“Tom Cruise may possibly be the biggest movie star in the world. His career has been a constant stream of blockbusters spanning more than four decades. Cruise has historically made excellent decisions in picking his projects, but his newest film, Digger (2026), is certainly a departure from anything we’ve seen Tom Cruise do on the silver screen. But that’s not all—Digger is a departure from cinema as we have known it, at least in the years since Covid broke out. The headlines mostly dismiss the film as a box office flop. The film critics are not helping the matter either. They don’t like it, at all. Yet in the last few days after its opening, the chatter among the people in real life and social media has been quite positive.” (10/16/26)

https://lawliberty.org/the-depth-of-digger/