Nota bene. I "mercati" non votano, non hanno una regia o un capo. Servono solo a dare un prezzo alle cose. Se minacci di non restituire quanto prendi a prestito, chi ti presta del denaro chiede un rendimento maggiore. Se crede alla tua minaccia, finirà per non prestartelo più.

In the Journal of Government and Economics, there is a new nice take on Wagner's law regarding why governments grow with the economy. It emphasizes the growth of leisure time (which is rising as we spend less than 40% of our adult awake lives at work compared to north of 65% a century ago if you buy the work of Crafts in Economica). In the authors' words: "We explain that the growth in leisure has raised households’ welfare and becomes a buffer against higher taxation, enabling them to accept significantly higher taxation on their labor income in exchange for better public services." Paper here: sciencedirect.com/science/ar…

Elon Musk literally broke down his 5-step process for applying first-principles thinking to build anything:

This should be good. And it will surely generate a freak-out among some admirers of Keynes.

🚗🔋 Many think Beijing masterfully planned China's EV takeover. Fengming Lu (@ANUBellSchool ) and I spent 3 years and 60 interviews finding out what actually happened in our latest article @TheChinaJournal. A thread 🧵

Youth unemployment in Africa is terrifying, and it's going to get worse. The continent's population is the youngest in the world, with a median age around 19. If those young people don't have productive work within the next decade or two, the social consequences will be severe. But you don't create jobs by government decree. You create them by making it easy and cheap to start a business. Lower the barriers and young people will employ themselves and each other.

Meno di 1 punto separa Lega e Futuro Nazionale di Vannacci, secondo l'ultimo sondaggio SWG

Two Falcon flights in 19 hours

This is something people pointing to China's demographic decline often forget: for the next few years - at least until the late 2030s (if not early 2040s) - the number of people entering the workforce in China is set to INCREASE, not decrease. For instance do you know which years recorded the highest birth rates in China in the 21st century? It was, in order, 2012 (14.57 births per thousand), 2014 (13.83) and 2016 (13.57). (src: stats.gov.cn/sj/ndsj/2025/in…) This results in the fact that, as you can see in the age pyramid below 👇, the 10-14 age cohort (kids born in 2012-2016) is actually **larger** than the 3 cohorts preceding it. 2016 kids - for instance - will reach 18 in 2034, and those studying at university (the majority of them) will reach the workforce at the very end of the 2030s, and the early 2040s. The only cohort that's really dramatically shrunk compared to others is the 0-4 one, meaning China will really only start to have significant significant drops in workforce entrants in the late 2040s.

If presses and journals ban AI writing, I imagine most established professors who use AI will just start self-publishing. Indeed, if publishers did that, I think it might be what leads to the complete demise of academic publishing. The reason is AI augmented work will be better.

President Dwight D. Eisenhower's Farewell Address (1961)

Qui @lasoncini su #DeGregori, poi potremmo passare ad altro open.substack.com/pub/guiaso…

Important? I guess nobody murdered 100 million in Hayek’s name. As far as having something useful to say about how society works, I’ll go with Hayek

This is genuinely incredible and says SO SO MUCH about the perception of China in the West. This is the #1 news show in France, and the host - David Pujadas - asks the pundits around the table (a sample of the top media figures in France) if they can name 3 living Chinese people. That's it: they just need to say the names of 3 living Chinese people, anyone. This should be extremely easy. Yet not of a single one of them can name a single Chinese beyond Xi Jinping. They do not know a single living Chinese person beyond the president. That's the level of ignorance of China we're dealing with in the West today, in 2026. This is the source for the video: tf1info.fr/replay-lci/videos… Aired live yesterday 28th of May 2026.

If you have an aspiring economist or political economists in your family or broader friends network, please steer them to our programs at GMU (BA/BS; MA; PhD). We would love to have them join the conversation on the liberal principles of political economy and justice. DM for info

L’enciclica sull’AI di Leone che guarda alla dignità ma non entra nella mente. Di Gilberto Corbellini e Alberto Mingardi ilfoglio.it/tecnologia/2026/…

Affluenza complessiva alle 15 intorno al 60%, in discesa di circa 5 punti rispetto al 2020. Ma nel 2020 c'erano insieme regionali e referendum. La partecipazione tutto sommato ha tenuto.

Attualità e criticità del pensiero giuridico di Bruno Leoni 27 maggio 18.00 - Milano Perché il pensiero giuridico di Bruno Leoni è ancora attuale? Con @amingardi Emanuele Tuccari Antonio Masala @MauroHGrondona Paola Chiarella INFO👉brunoleoni.it/eventi/attuali…

SpaceX Dragon spaceship docking with the International @Space_Station

Se non la conoscete, vi segnalo “The Curious Task”, la newsletter su Substack curata da @amingardi, politologo, storico delle dottrine politiche e direttore generale dell'Istituto Bruno Leoni. Mi piace la sua rubrica “Una domenica, un libro”: albertomingardi.substack.com… #daleggere

#LiberaleÈ fa tappa a #Milano! Prosegue il tour del Presidente @avvbenedetto. Ci vediamo lunedì con @ProfCaselli, @CottarelliCPI, @aledenicola, @amingardi e il Direttore @lucfontana. Prenotati qui 👇 eventbrite.it/e/liberale-e-p…