Goods shipments to the US are collapsing
But Bessent says tariffs won’t cause any supply chain shocks (for some reason.)
Trump to “soften the blow” of the tariffs he imposed
Trump has a great scheme going: impose huge new tariffs (AKA taxes) and then portray a cut on those same tariffs as some sort of generous move.
US Navy accidentally dumps $60mln fighter jet into the ocean
US Navy loses $60 million fighter jet after it fell off aircraft carrier. This brings the total cost of lost aircraft in Yemen up to $270 million since Trump took over.
Higher Education’s Problems Began With the Federal Government’s 1965 Industrial Policy
United States higher education is in the midst of major financial and cultural upheaval. Campus protests erupted in Spring 2024 over Israel’s response to Hamas’s 2023 incursion into Israel. Earlier, Congress grilled presidents of Ivy League universities about antisemitism on their campuses, forcing some presidents to resign. President Trump has threatened loss of federal research grants if institutions do not properly handle such campus disruptions.
Freedom in One Lesson: The Best of Leonard Read
Liberals win in Canadian election. See results here.
The Liberal Party, led by new Prime Minister Mark Carney, is projected to form a minority government in a dramatic political comeback, defeating the Conservative Party, led by Pierre Poilievre.
The Empire Strikes Back
News this week that Elon Musk will soon be departing his “Department of Government Efficiency” (DOGE) is a grim reminder of what happens when you challenge big spending DC. Unfortunately, the lesson once again is that when you challenge the empire, the empire eventually strikes back.
President Trump rode into office with the help of Elon Musk’s ambitious plan to cut two trillion dollars in spending and slash useless and bloated government bureaucracies. Opinion polls demonstrated the huge popularity of the “Department.” Americans were excited when DOGE came to DC.
Equity, Racial Equality, and Wealth Redistribution
Ludwig von Mises warned that socialists are constantly changing their terminology to disguise their schemes, all of which are designed to undermine individual liberty and private property. Regardless of the terminology they use, their ultimate goal is to vest as much property as possible in the hands of the state or—failing that—to grant the state increasing power to assign and control private property. One major way in which the state controls private property is through wealth redistribution.
Don’t Like Tariffs on Food? Just Make Do with Less, You Glutton.
In February of 2023, as price inflation soared above six percent, and only a few months earlier hit a forty-year high, a columnist at the Wall Street Journal presented a solution for rising food prices: just skip breakfast!
