Source: EconLog
by Jon Murphy

“When I first started teaching, David Henderson gave me some advice: to be open about who I am regarding my economic philosophy. At the beginning of class (and several other times throughout), I mention that I am a classical liberal — a free-market economist who argues that individuals rather than governments are best suited to deal with complex social relationships and problems. I don’t rule out government intervention completely, but I make a strong presumption of liberty that must be overcome before government intervention is justified. Law exists to enhance liberty, not restrict it. That is some of the best teaching advice I have gotten.” (11/05/25)

https://www.econlib.org/econlog/murphy-why-liberalism

Source: The American Prospect
by David Dayen

“The Supreme Court heard arguments for nearly three hours on President Trump’s authority to overhaul the tariff system of the United States through an emergency statute. Trump decided at the last minute not to show up to the hearing, and it’s a good thing he did, because he would have wanted to change the channel. Most of the conservative justices seemed pretty skeptical of the argument that the International Economic Emergency Powers Act (IEEPA), which allows a president in an emergency ‘to regulate importation and exportation,’ confers worldwide, unlimited tariff authority that could raise as much as $4 trillion over a decade, per the government’s brief. Solicitor General D. John Sauer characterized these as ‘regulatory tariffs’ and not taxes, designed to change consumer behavior by buying domestically and as leverage on other countries for purposes of negotiation. The justices weren’t totally buying that.” (11/05/25)

https://prospect.org/2025/11/05/supreme-court-poised-to-defy-trump-on-tariffs/

Source: Antiwar.com
by Alan Mosley

“Former U.S. vice president Richard ‘Dick’ Cheney died on 3 November 2025 at age 84; his family said he had suffered from pneumonia and cardiac and vascular disease. Best known for steering national security policy after the 9/11 attacks, he became the dominant force behind a ‘war on terror’ that unleashed torture, preventive war and mass surveillance. Amnesty International has described him as one of the principal architects of a program that amounted to torture, while the Brown University Costs of War project attributes more than 900,000 deaths and trillions of dollars in spending to the post‑9/11 wars he championed. Cheney’s legacy is one of unprecedented destruction and the erosion of civil liberties.” (11/05/25)

https://original.antiwar.com/alan_mosley/2025/11/04/dick-cheney-1941-2025-the-dark-legacy-of-a-war-criminal/

Source: Ludwig von Mises Institute
by Laurent Hynes

“Mainstream financial academia regularly seeks to impress upon investors the supposed pointlessness of any entrepreneurial effort on their part, under the guise of cost efficiency and risk reduction. Besides misleading empirical evidence, the core argument used to justify the selection of highly passive and diversified financial products is the neoclassical efficient market hypothesis (EMH). Yet the EMH has suffered continual reputational blows, and the Austrian School’s causal-realism is well suited to disassemble it as another example of neoclassical physics envy.” (11/05/25)

https://mises.org/mises-wire/efficient-market-hypothesis-fatally-flawed