All potentially unpopular cuts will hit only after 2026 or 2028. This is proof Trump was never serious about any real spending cuts. These cuts will never actually happen. 

As I discussed in this article, Congress has given the Fed a “triple mandate” to maintain 1) maximum employment; 2) a stable price level; and, 3) low interest rates. I also showed in that article that the Fed has failed to achieve these mandates again and again over the past 112 years.

In my work on courageous followership and intelligent disobedience, I have often reflected on the conditions that allow tyranny to take root—and, more importantly, how we can prevent it. The genesis of my work was my grandmother’s loss of her family in the Holocaust. Why do people follow destructive leaders and support destructive systems and how can this be done differently?

A few months ago, in the wake of the fatal collision between a US Army helicopter and a passenger jet, I wrote why the Federal Aviation Administration (FAA) has severely compromised air safety because as a government agency, it cannot effectively engage in economic calculation.

President Donald Trump’s decision to retire the US Agency for International Development (USAID) has sparked debate across policy circles. Yet, a close examination of USAID’s operational history—its ineffectiveness in achieving economic development, lack of transparency, and its entanglement with politically-connected contractors—reveals that the decision is not only justified but overdue.

Supplemental materials for “The Attack on the USS Liberty,” by Phil Tourney, presented at the Revisionist History of War Conference on Friday, May 16, 2025.

Photos

Damage to the USS Liberty after the June 8, 1967, attack (AGTR-5).

Peter Schiff—well-known libertarian financial author and podcaster—recently faced off against pro-tariff author Spencer Morrison in a debate about Trump’s tariffs on zerohedge.com.