The subtitle of its October 18, 2026 post by the Institute of Economic Affairs (London) carried this tantalizing statement: “Rethinking How We Care for an Aging Population.” The IEA carried part one of a three-part essay pushing a scheme called “Social Providence Accounts (SPA’s).” I will not go into the details of this alternative scheme of how Great Britain can care for the aged, frankly because I found it too complex to follow despite the claim that it would be simple and easily understood. What caught my eye was the “we,” as in how “we” can care for the aged.

Historical interpretation is seldom easy. If the question before us is “Did George Washington exist?” or “Was there a conflict that took place in the United States between the North and South in the years 1861 to 1865?” there is no problem; but usually matters are harder to figure out. The historian must unravel conflicting strands of evidence.

Japanese central bankers are even worse than Westerners when it comes to deflation-phobia. 

Politicians break campaign promises with hardly any hesitation and usually they get away with it. Americans have come to put up with broken promises for so long, they hardly even seem to notice. Last week, however, voters noticed. They showed the Republican party just how angry they were over President Trump’s decision to attack Iran and how angry they were with Congress for abandoning its Constitutional authority over matters of war and peace.

The results were dramatic. Voters even turned Texas blue, as Democrats took firm control of both the House and Senate.

It’s the economy, stupid: Forty-five percent of Hispanics believed the economy was the most important issue facing the U.S., while 15% said immigration. 

Democrat Scott Colom wins Mississippi Senate race, giving the Dems a 55-seat majority in the Senate.