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The Machiavellian Moment Returns

 — Organisation: The Claremont Institute — 

In the third book of the Discourses on Livy, Niccolo Machiavelli argues that republics “do not last if they do not renew themselves” by recourse to their origins, when they were at their most pure. “Because in the process of time that goodness is corrupted, unless something intervenes to lead it back to the mark, it of necessity kills the body.”

Historian J.G.A. Pocock elaborates on this idea, arguing for a “Machiavellian moment” (the title of his sprawling and majestic book on the subject) in which a republic must act to save itself by returning to first principles. Per Pocock, the Renaissance Florentines, the Commonwealthmen of 18th-century Britain, and the Revolutionary-era Americans all faced such a moment and were forced to act against the corruption of their regimes. These moments, however, are not always successful. The Florentines lost their republic, and the Commonwealthmen remained a minority in Britain, whose legacy was predominantly to influence the American patriots at the end of the century.

The Case for Denaturalization

 — Organisation: The Claremont Institute — 

If the United States is serious about giving citizenship to worthy immigrants, we also need to be serious about revoking it from the unworthy.

More than 800,000 immigrants became American citizens in FY 2024, and a comparable number are expected in FY 2025, though the final numbers aren’t out yet. There are more than 25 million naturalized American citizens, which is about half the foreign-born population. Having delivered remarks at many swearing-in ceremonies, I welcome those—undoubtedly the majority—who followed the rules and took the Oath of Allegiance in good faith.

But many didn’t. That’s where denaturalization comes in.

The question of revoking citizenship from immigrants who lied on their applications or were otherwise ineligible is part of a broader debate about what membership in our national community means—a debate made especially urgent by the waves of mass immigration the political class has allowed into our country over the past 50-plus years.

Market Socialism Against Capitalism – 2026 Ellen Meiksins Wood Lecture

 — Publication: Perspectives Journal — 

The 2026 Ellen Meiksins Wood Lecture was held on Wednesday, April 22nd at Toronto Metropolitan University with support from the Rosa Luxemburg Stiftung – New York Office. A special thanks to TMU Faculty of Arts Dean Amy Peng, and RLS-NYC Director Stefan Liebich for hosting this Broadbent Institute event.

Ellen Meiksins Wood was one of the left’s foremost theorists on democracy and history, and often promoted the idea that democracy always has to be fought for and secured from below, never benevolently conferred from above. The Broadbent Institute founded the annual Ellen Meiksins Wood Prize & Lecture to honour Professor Wood’s legacy as an internationally renowned scholar and to bring her work to new generations of Canadians.

The Ellen Meiksins Wood Prize is given annually to an academic, labour activist or writer and recognizes outstanding contributions in political theory, social or economic history, human rights, or sociology. Each year’s recipient also delivers the Ellen Meiksins Wood Lecture.

04/23/2026 Market Update

 — Organisation: Applied MMT — 

Update Preview

04/23/2026 Market Update

Markets are consolidating right around 7100 after breaking through 7000 — exactly the pattern I was laying out last week. A half-percent dip today off renewed Middle East negotiation headlines, but the underlying setup hasn't changed.

The bigger topic in this update, though, is theoretical — and I think it's important. There's a lot of noise in the macro world right now about "liquidity," and I want to walk through why I think that framing is actually missing what matters. Liquidity crises can take a swing at asset prices, but they don't break the system. What breaks the system is something else entirely — and understanding that distinction is the difference between being right about a scary headline and being right about where the market actually ends up six months later.

I'll also cover the flows picture, the deficit impulse, the economic calendar for next week including Powell's likely final FOMC as chair, and how we could grind higher into the summer even with some inflationary data starting to filter through.

Digging Stars

 — Author: Sarah Kendzior — 

This is an excerpt from my book The Last American Road Trip, written in 2023, released in 2025 – and now out in paperback. This excerpt takes place in March 2021; most of the book isn’t as dark. But my mood is, so I’m running this short piece. Read to the end! As mentioned, I’m taking it slow after my father’s death. I will be back. Keep finding light in that sky. — SK

It is March 2021, and we are at Palo Duro Canyon, four years after our original visit and my promise to the kids that we would return. We are staying in Canyon, Texas, a town south of Amarillo. We skipped Cadillac Ranch because I had nothing left to say.

We are in Canyon to get a break from the plague. We drove in from Dallas, where we celebrated a belated Covid Christmas at my sister’s house. It was the first gathering of my family since 2019, my newly vaccinated parents falsely believing they were now immune. A fake Christmas, a fake cure, a fake government, a real end.

I thought 2020 was the demarcation point between Then and Now, but I was wrong. Americans could still see in 2020. They had 2020 vision: the ability to see through the lies of tyrants and say “no more.”

Report: Food is the first thing to go – and housing is driving it

 — Organisation: Everybody's Home — 

New research from OzHarvest confirms what people across the country are already feeling: when costs rise, food is often the first thing people cut.

76% of charities say rising grocery prices are pushing people to seek food relief. But just behind that is housing – with 74% pointing to housing affordability and access as a key driver, alongside low or insufficient incomes (69%).

This tells a clear story: the housing crisis isn’t just about housing – it’s pushing people into hunger.

When rent takes too much of your income, something has to give. For many, that means skipping meals, cutting back on essentials, or going without entirely.

How the U.S. Can Restore Its Arsenal

 — Organisation: The Claremont Institute — 

The Trump Administration has done what no previous administration attempted in directly confronting Iran. American and Israeli forces destroyed the Iranian Air Force and Navy, killed the supreme leader and dozens of senior IRGC commanders, struck over 13,000 targets across 26 provinces, and drove Iran’s ballistic missile launch rate down by more than 90%. B-52 Stratofortresses now fly unchallenged in Iranian airspace, carrying out bombing runs with impunity over a country whose integrated air defense system ceased functioning within the campaign’s first week. This pressure culminated in a ceasefire framework brokered through Pakistani mediation, representing the first serious diplomatic movement since the war began.

Trump the God - Read by Eunice Wong

 — Author: Chris Hedges — 

This article is read by Eunice Wong. You can find her work at www.eunicewong.actor.

Text originally published April 20, 2026.


The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Ending Australia’s great gas giveaway

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Greg and Elinor discuss the case for a 25 per cent gas export tax, why global foreign aid spending has plummeted, and the likelihood of the government announcing reforms to housing investor tax concessions ahead of the May federal budget.

This discussion was recorded on Wednesday 22 April 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

Capital gains tax changes are on the table, and yet Armageddon has not arrived. Has the tide on housing turned at last? by Greg Jericho, Guardian Australia (April 2026)

U.S. Metro Areas Ranked by Transportation Safety

 — Publication: CityNerd — 

The American Founding as the Best Regime

 — Organisation: The Claremont Institute — 

In the great journal of things happening under the sun, we, the American people, find our account running, under date of the nineteenth century of the Christian era. We find ourselves in the peaceful possession, of the fairest portion of the earth, as regards extent of territory, fertility of soil, and salubrity of climate. We find ourselves under the government of a system of political institutions, conducing more essentially to the ends of civil and religious liberty, than any of which the history of former times tell us.

— Abraham Lincoln January 27, 1838

Toward a Sexual Counter-Revolution

 — Organisation: The Claremont Institute — 

For decades, legacy conservatives have sent mixed signals about family life. On one hand, they have emphasized family values and spoken about the family as the “cornerstone of society.” On the other hand, to distinguish themselves from the feminist Left, legacy conservatives have created a leaner formulation that emphasizes choice. This focus accommodates the supposed gains of second-wave feminism, allowing legacy conservatives to bypass seemingly lost causes and avoid accusations of wanting to “turn back the clock.” They want an agenda that caters to both conservative girlbosses and full-time mothers—a coalition that winks at having no favorites. Rather than acknowledging the obvious tension of trying to be a full-time mom and a full-time employee at the same time, legacy conservatives have spent decades telling women that they can have it all—motherhood, career, both, or neither—whatever their hearts desire.

This logic has long dominated institutional legacy conservative thinking. Single women, even if they hate a family-first worldview, must be courted, or at least not antagonized. Even organizations that promote the traditional family usually apologize for their benighted traditionalism—“It’s a free country,” “Family life is not for everyone,” “Some of our best employees are career women,” or “We support feminism, but oppose abortion.”

The American Mind Podcast: The Roundtable Episode 314

 — Organisation: The Claremont Institute — 

The American Mind’s ‘Editorial Roundtable’ podcast is a weekly conversation with Ryan Williams, Spencer Klavan, and Mike Sabo devoted to uncovering the ideas and principles that drive American political life. Stream here or download from your favorite podcast host.

Cloak and Docket | The Roundtable Ep. 314

David Pocock on getting a fair return for Australian gas

 — Organisation: The Australia Institute — 

On this episode of Follow the Money, Senator David Pocock and Dr Richard Denniss join Leanne Minshull to discuss the case for a 25 per cent gas export tax, why Australians currently get so little in return for the country’s finite resources, and how the gas industry wields power in parliament.

This episode was recorded live at the Australia Institute’s Politics in the Pub event on Wednesday 15 April. Subscribe now to find out about more live events from the Australia Institute.

Guest: David Pocock, Independent Senator for the Australia Capital Territory // @davidpocock

Guest: Richard Denniss, co-Chief Executive Officer, the Australia Institute // @richarddenniss

Host: Leanne Minshull, co-Chief Executive Officer, the Australia Institute // @leanneminshull

Host: Glenn Connley, Senior Media Advisor, the Australia Institute // @glennconnley

Show notes:

Rack off Musk: Australia’s public spectrum is not a corporate freebie

 — Organisation: Prosper Australia — 

Independent economic think tank Prosper Australia has slammed threats from Elon Musk’s SpaceX to withhold satellite-based mobile services from Australia unless it is handed valuable public spectrum access for free. “Let’s be clear: Australia’s airwaves are a public resource, not a bargaining chip for billionaires,” said Rayna Fahey, Executive Director at Prosper Australia. “If SpaceX […]

The post Rack off Musk: Australia’s public spectrum is not a corporate freebie first appeared on Prosper Australia.

AnnouncementReminder: Money in the Digital Age – online workshop tomorrow (Apr. 22)

 — Organisation: Just Money — 

Evolution and Future of Money in Canada: Implications for the Digital Age, Legal and Regulatory Perspective


More Announcement
Reminder: Money in the Digital Age – online workshop tomorrow (Apr. 22)

The SCAM Act Would Restore Integrity to U.S. Citizenship

 — Organisation: The Claremont Institute — 

In March, Americans witnessed just how broken our naturalization process has become. Within the span of just 11 days, the nation experienced four terrorist attacks: mass shootings at a Texas bar and at Old Dominion University in Virginia, an attempted bombing in New York City, and an assault on a synagogue in Michigan.

The terrorists in Texas, Virginia, and Michigan were naturalized U.S. citizens. And the New York City bombers were the children of naturalized citizens.

In response to inquiries about these incidents, a spokesman for the U.S. Citizenship and Immigration Services (USCIS) reiterated that it “has a zero-tolerance policy for anyone who lies or misrepresents themselves during the naturalization process.”

That zero-tolerance policy is the right approach, but these recent attacks point to a stark reality: our naturalization process has erroneously granted the priceless privilege of American citizenship to foreigners who never accepted America, never embraced our values, and never intended to live as loyal members of our national community.

Naturalization is a long-standing, time-honored American tradition. But it is not a clerical formality or a routine application for benefits. Citizenship is not a property interest—it’s a covenant.

Taxpayer Subsidies Won’t Fix Geelong’s CBD: End Speculation Instead

 — Organisation: Prosper Australia — 

Prosper Australia has rejected calls for new tax breaks and subsidies for developers in Geelong’s CBD, warning that such measures would shift private risk onto taxpayers without addressing the root cause of stalled development. “Governments should not be in the business of propping up private development projects,” said Rayna Fahey, Prosper Australia Executive Director, today. […]

The post Taxpayer Subsidies Won’t Fix Geelong’s CBD: End Speculation Instead first appeared on Prosper Australia.

Is There a Way out of the Iran War? (w/ John Mearsheimer) | The Chris Hedges Report

 — Author: Chris Hedges — 

This interview is also available on podcast platforms and Rumble.

At the last minute, Iran agreed on Monday to participate in negotiations with the United States in Islamabad, Pakistan. The fragile ceasefire agreement between the two countries ends on Wednesday. Following the US attack on and seizure of an Iranian cargo ship in the Sea of Oman on Saturday, and contradictory tweets by President Trump in recent days, Iran was understandably hesitant to engage in further discussions with the US. There are additional obstacles to a successful resolution of the US-Israeli war on Iran to consider.

How to get a decent public return from Australia’s gas resources — A 25% export tax? Or something else?

 — Organisation: Prosper Australia — 

Cross-posted from Fresh Economic Thinking By Cameron Murray I explain how a scaled variable royalty does the job of a super-profits tax while avoiding the accounting trickery in order to share risk and get a better public return from resources. Have you heard that Norway taxes their gas at 78% of profits, but Australia’s offshore gas pays […]

The post How to get a decent public return from Australia’s gas resources — A 25% export tax? Or something else? first appeared on Prosper Australia.

Trump the God

 — Author: Chris Hedges — 

The Absurdity of State Republicans' 'Nuclear Family Month'

 — Author: Betsy Phillips — 
Gov. Bill Lee signed a symbolic proclamation praising 'God’s design for familial structure' — in a state built on slavery and facing an affordability crisis

Japanese Government collects more tax from Australian gas than Australian Government

 — Organisation: The Australia Institute — 

New Australia Institute research published today shows that the Japanese Government makes more revenue taxing its imports of Australian gas than the Australian Government makes from the export of our gas.

Key findings:

  • Japan has imposed a tax on oil and gas imports since 1978, expanding the tax to cover coal in 2003.
  • Over the last five years, Japan’s energy import tax has delivered an average of AUD $8 billion per year to the Japanese Government.
  • On average, every year, $1.8 billion of Japan’s energy import tax comes from gas imports, substantially more than the $1.4 billion raised by the Australian Government’s Petroleum Resource Rent Tax (PRRT).

“It’s hard to believe how badly Australians have been ripped off by gas export companies,” said Dr Richard Denniss, co-CEO of the Australia Institute.

“Japan, a country with no gas, oil or coal reserves of its own collected almost $40 billion over the last five years while the Australian PRRT provided only $7 billion to Australians.

“Not only has Australia been literally giving more than half of the gas we export away for free, we now learn that the same Japanese Government that is opposed to us putting a tax on our gas and coal exports, has been raking in billions of dollars per year via their own tax on gas and coal imports.

Trump is fighting for a worse deal with Iran

 — Organisation: The Australia Institute — 

On this episode of After America, nuclear policy expert Jon B Wolfsthal and Dr Emma Shortis discuss the US-Iran negotiations, the risks of this conflict metastasising, and how Trump is continuing to break down the guardrails around the use of nuclear weapons.

This episode was recorded on Friday 17 April.

The latest Vantage Point essay, Rich Kid Poor Kid: The Battle for Public Education by Jane Caro, is available now for $19.95. Use the code ‘PODVP’ at checkout to get free shipping.

Guest: Jon B Wolfsthal, US Nuclear Policy Fellow, PAX sapiens // @jonatomic

Host: Emma Shortis, Director, International & Security Affairs, the Australia Institute // @emmashortis

Show notes:

Shorter America: The consequences of not caring; The enemy of your enemy is not your friend; Visions for the future by Emma Shortis, The Point (April 2026)

What Is the Iran Nuclear Deal?, Council on Foreign Relations

Who Owns American History?

 — Organisation: The Claremont Institute — 

Why did the National Park Service regularly denigrate the events of 1776 prior to the Trump Administration? In the Claremont Review of Books’ 25th anniversary issue, Jeffrey Anderson describes a visit to Independence National Historical Park, situated in the heart of old Philadelphia and run by the National Park Service. Congress created Independence Park for the purpose of “preserving” historic sites associated with “the American Revolution and the founding and growth of the United States,” as Anderson notes.

Anderson found an overwhelming emphasis on slavery and race—25 of 30 signs at the park’s President’s House, where George Washington and John Adams lived during part of their presidencies, “focus on slavery or race relations.” He writes that Washington and other founders “stand accused” of “‘injustice’” and “‘immorality.’” The first U.S. president’s “actions [are] characterized as ‘deplorable,’ ‘profoundly disturbing,’ and as having ‘mocked the nation’s pretense to be a beacon of liberty.’”

How did this situation come to pass?

The President Versus the Pope

 — Organisation: The Claremont Institute — 

For decades, the relationship between the United States and the Vatican has played a vital role in promoting individual liberties, religious freedom, and resisting authoritarianism in the West. This partnership, forged by then-President Ronald Reagan and Pope John Paul II, helped hasten the dissolution of the Soviet Union and contributed to the liberation of millions from Communism’s grip.

When aligned, America and Rome have exercised a formidable moral and geopolitical influence, representing the best of Western civilization. Yet the current feud between them, as historian Paul Kengor suggests, potentially presents a new cold war that could have deep ramifications for the future of free government.

While tension between political leaders and pontiffs is nothing new in world history, open hostility risks undermining cooperation at a moment when it is badly needed. The path back to stability—and to the renewal of Western civilization—will require both Trump and Leo to draw from the lessons of the past.

Round One

For Trump, who is lobbing derogatory insults at the Holy Father, history offers a clear warning: conflicts with the papacy rarely end well for political leaders.

Private Credit Isn't 2008: Why the Headlines Are Missing the Balance Sheet

 — Organisation: Applied MMT — 
Private Credit Isn't 2008: Why the Headlines Are Missing the Balance Sheet

Private credit and private equity are suddenly everywhere in the headlines, and if you're taking those headlines at face value, the picture looks apocalyptic. I think those fears are significantly overstated — and it really comes down to one critical distinction that almost nobody in mainstream macro-financial media is getting right.

That distinction is the difference between endogenous money — the actual money-creation engine of the banking system — and what private credit is actually doing, which is something fundamentally different.

In this post, we'll walk through exactly what happens on the balance sheets when a private credit transaction takes place versus when bank credit creates endogenous money. Once you see the mechanics side-by-side, it becomes obvious why private credit stress, while real and painful for investors directly exposed, is not the kind of systemic threat that 2008 was — and why the real thing to watch isn't the private credit headlines at all.

When the world changes, economic policy must too

 — Publication: Progress in Political Economy — 

On 12 October 1929, James Scullin led the Labor Party to what was then its largest ever majority. It was unfortunate timing. Over the 1920s Australian governments had become the largest borrowers on the London money markets. In 1925, the United Kingdom returned to the gold standard. And then on October 24, just twelve days after winning its record breaking majority, Wall Street collapsed.

Looking back, this period became a textbook example of what not to do in economic policy. Scrambling to make good on our debts to London, Australian governments desperately tried to balance their books, only to plunge the country deeper and deeper into depression.

Labor faced a difficult set of circumstances. Australia’s identity was bound to the UK. Our defence strategy and economic strategy were effectively subordinate to the UK’s. Labor was also eager to demonstrate its economic credibility. And the dominant economic thinking said the books must be balanced.

In 1931 Labor was wiped out. It had already split internally through the pressures created by the Depression. Federal Treasurer Ted Theodore argued for a new economic orthodoxy, based on what at the time seemed like the radical teachings of John Maynard Keynes. NSW Premier Jack Lang rejected paying London banks over the livelihoods of NSW workers. Both were ignored and Lang was eventually dismissed by the Governor, leading a group of Labor MPs in a split.

March 2026 Media Highlights

 — Organisation: The Australia Institute — 

From our speaking tour with Yanis Varoufakis at the start of the month to multiple press conferences, TV appearances, and launching our Gas Giveaway Tracker, it’s been an eventful month. And that’s just the beginning!

The post March 2026 Media Highlights appeared first on The Australia Institute.

Everybody’s Home backs reported end to CGT discount

 — Organisation: Everybody's Home — 

National housing campaign Everybody’s Home is encouraged by reports the Albanese Government is leaning towards scrapping the capital gains tax discount on property and returning to the pre-1999 system. 

Media reports today suggest Treasurer Jim Chalmers is considering returning to the original way of taxing capital gains on homes instead of reducing the current 50 per cent discount on capital gains.   

Everybody’s Home spokesperson Maiy Azize said the move would be a turning point for housing affordability and fairness. 

“Scrapping the CGT discount would be one of the most positive steps any government has taken on housing in a generation,” Ms Azize said. 

“We are really encouraged by media reports that the federal government is looking to end the CGT discount and return to a much fairer system.

“The CGT discount and negative gearing are fuelling the housing crisis. Billions of taxpayer dollars line the pockets of property investors every year while first home buyers are locked out and renters are stretched to breaking point.

“The government continues to say it wants to improve intergenerational equity and the housing crisis, so it makes sense to cut the property investor tax breaks that are making both of these things worse, and use the savings to build homes that are affordable. 

Is Hezbollah Beating Israel in Lebanon? (w/ Laith Marouf) | The Chris Hedges Report

 — Author: Chris Hedges — 

This interview is also available on podcast platforms and Rumble.

On April 16, the Trump administration forced the Israeli military to cease its attacks on Lebanon as part of an agreement with Iran to fully open the Strait of Hormuz. This marked another victory for the Axis of Resistance and the Lebanese people. However, Israel has a long history of violating its ceasefire agreements, and it is unlikely to give up on its fundamental goal of occupying Lebanon by attempting to foment a civil war between Hezbollah and the Lebanese military.

The War In Iran and the Fall of the American Empire — Live Q&A

 — Author: Chris Hedges — 

The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

We Shall Not Fight on the Beaches

 — Organisation: The Claremont Institute — 

Dystopian novels are not predictions but projections: they imagine what the world will become if a current trend continues uninterrupted. The difference between prediction and projection is vital but often overlooked. The former is a call to fatalism, the latter a call to action.

In a sense, dystopian novels are both optimistic and conservative. They are optimistic in that they do not hold the future they describe to be inevitable and unavoidable. They are conservative in that they imagine a world very much worse than our own, and therefore are an encouragement to political virtues such as prudence and realism. They remind us that, short of extermination camps or other complete disasters, we always have something to lose as well as to gain and that progress often has a dark—even a very dark—side. Perfection is not of this world.

In 1973, Jean Raspail, who died aged 94 in 2020, published his dystopian novel The Camp of the Saints, for which he is now mostly remembered (certainly outside of France, though he was the author of many other well-considered novels and travelogues, and narrowly missed election to the Académie française). The Camp of the Saints is a book that refuses to lie down, so to speak, despite attempts to render it invisible or make it go away.

The Mount Rushmore of American Educators

 — Organisation: The Claremont Institute — 

As the United States celebrates the 250th anniversary of its founding this July, it seems fitting to reflect on our national heroes. This country has many monuments honoring important figures from our history, but none loom larger than Mount Rushmore, featuring the faces of four of our greatest American presidents: Washington, Jefferson, Lincoln, and Theodore Roosevelt. Each of these leaders was flawed in his own way, but we honor them together as heroes for the way they served their country.

As human beings, we need heroes. We need not only abstract descriptions of what is excellent, but also individuals we can strive to emulate. Reading the stories of those who pursued excellence in the face of adversity can train us to pursue that which is good in our own circumstances. Stories of human excellence show us that achieving the good is still possible in our time and should prompt us to be better than we would be on our own.

Heroes are not limited to national leaders. They can be found in almost every area of American life—even in classrooms. What if the field of education had its own Mount Rushmore? What four American teachers, out of the millions who have faithfully taught students, should be represented? We propose Booker T. Washington, Anne Sullivan, Jaime Escalante, and Marva Collins.

Cast Down Your Bucket

Chris Hedges Live Q&A TODAY — 7 P.M. ET

 — Author: Chris Hedges — 

Join me for a live Q&A on my YouTube channel and X account, Friday April 17, at 7:00 - 8:00pm ET. Questions will be taken from the comment section of this Substack post, as well as during the live on YouTube/X. We will discuss the war with Iran and the ongoing ceasefire negotiations.

Please attempt to keep your questions direct and relatively brief, as I cannot read entire paragraphs during the show.

The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Gas companies reap spoils of war | Between the Lines

 — Organisation: The Australia Institute — 

The Wrap with Greg Jericho

The middle of April each year is always when the pre-Budget noise gets louder, and the Government begins to frame the narrative. This year the stakes are as high as any budget in recent memory.

The United States’ and Israel’s attacks on Iran and the subsequent closing of the Strait of Hormuz have very much highlighted to Australians just who benefits from an international oil crisis. While Australians saw their petrol prices rise, and worries about a recession permeated, one industry was laughing.

Photo: AAP Image/Mick Tsikas

Keep reading

— Greg Jericho is the Chief Economist at The Australia Institute.

Trump's On a Jihad Against Everyone (MOATS w/ George Galloway)

 — Author: Chris Hedges — 


Pre-order my new book "Requiem for Gaza"


The Chris Hedges Report is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Mayors of New York Past: Hair Curl Edition

 — Organisation: Climate Town — 

Bank Failures: The Roles of Solvency and Liquidity

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Do banks fail because of runs or because they become insolvent? Answering this question is central to understanding financial crises and designing effective financial stability policies. Long-run historical evidence reveals that the root cause of bank failures is usually insolvency. The importance of bank runs is somewhat overstated. Runs matter, but in most cases they trigger or accelerate failure at already weak banks, rather than cause otherwise sound banks to fail.

Orbán’s Defeat in Hungary Exposes Rifts on the American Right

 — Organisation: The Claremont Institute — 

Hungary’s elections earlier this week marked a seismic shift after 16 years of Viktor Orbán’s dominance, as Peter Magyar’s opposition Tisza party won with over half the vote and a supermajority in the legislature.

The attention focused on this small Central European country may seem disproportionate—but Orbán attracted not only the active support of the Trump Administration, with Vice President Vance flying out to rally for him in person, but also equally strenuous opposition from the American Left and its allies in Brussels. In the wake of Orbán’s defeat, left-wing luminaries Hillary Clinton, Barack Obama, and Alex Soros (son of Hungarian native and Orbán arch-nemesis George and inheritor of his left-wing activist empire) were among those sending out celebratory tweets.

“We didn’t go because we expected Viktor Orban to cruise to an election victory,” Vance later told Fox News. “We went because it was the right thing to do to stand behind a person who had stood by us for a very long time.”

I have some personal familiarity with Hungary, having made two multi-week visits as a visiting fellow at the Danube Institute, a conservative think tank that was broadly aligned with (though occasionally critical of) Orbán’s government. 

Untangling More Details About the People Nashville Enslaved

 — Author: Betsy Phillips — 
What happened to Allen Beasley, a man enslaved at the city's waterworks department?

Trump chaos driving bleak economic outlook

 — Organisation: The Australia Institute — 

On this episode of Dollars & Sense, Greg and Elinor discuss the International Monetary Fund (IMF)’s latest World Economic Outlook report, its forecast for Australia, Angus Taylor’s Trumpy immigration policy announcement, and why immigration isn’t causing the housing crisis.

This discussion was recorded on Thursday 16 April 2026.

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond.

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek

Show notes:

The IMF refuses to name the cause of this global chaos. It starts with ‘Donald’ and ends in ‘Trump’ by Greg Jericho, Guardian Australia (April 2026)

World Economic Outlook: Global Economy in the Shadow of War, International Monetary Fund (April 2026)

The American Mind Podcast: The Roundtable Episode 313

 — Organisation: The Claremont Institute — 

The American Mind’s ‘Editorial Roundtable’ podcast is a weekly conversation with Ryan Williams, Spencer Klavan, and Mike Sabo devoted to uncovering the ideas and principles that drive American political life. Stream here or download from your favorite podcast host.

Chimping Out | The Roundtable Ep. 313

The R*–Labor Share Nexus

 — Organisation: Federal Reserve Bank of New York — Publication: Liberty Street Economics — 

Floor-Crossing vs. Party-Democracy

 — Publication: Perspectives Journal — 

Only one year after they won a minority in the 2025 election, Prime Minister Mark Carney and the Liberals have achieved a majority government. This majority was delivered (thus far, as of time of writing) by five Members of Parliament who “crossed the floor” since the 2025 election, leaving the party they were elected with to join the governing Liberals.

These events have produced an intense debate over the legitimacy of floor-crossing, which is ultimately rooted in a fundamental disagreement over what an elected representative’s job should be in a democratic system. Two competing theories of representation, the “trustee” and “delegate” models, can be seen in the debate over floor-crossing, in Canadians’ common-sense political discourse, and in different elements of our Parliamentary system. However, both of these models are failing in Canada’s actually existing political practice. Instead, a “party-democracy” model of representation holds the promise of leveraging existing institutions to make Canada’s democracy more deliberative and participatory.

04/15/2026 Market Update

 — Organisation: Applied MMT — 

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04/15/2026 Market Update

The market has gone from panic to fresh highs in a hurry, and the big question now is whether this snapback rally still has room to run. In this week’s update, I break down the flow acceleration behind the move, why tariff refunds could add another liquidity tailwind in the months ahead, and why I still think end-of-cycle risk is something to watch closely — just not something the market has to fear yet.

04/15/2026 Market Update

One Nation Under Providence

 — Organisation: The Claremont Institute — 

Spencer Klavan has invited us to contemplate the American age, to think again in civilizational, epochal terms, and to search out the prerequisites for its continuation.

The chaos (good and ill) of the past decade has made it difficult to look beyond the immediate. But Klavan is right: Trumpism, whether embattled or dead, is more a harbinger of a possible future than its fulfillment. To carry on, “Americans will need to recover a sense of their country as an era-defining project, forward-looking but steeped in ancient traditions of faith and law—not just a Western nation, but the Western nation par excellence. Much depends on whether we can learn to see ourselves that way again.” This is a spiritual inquiry as much as an intellectual one.

The singular trait most essential to American renewal—perhaps the most predominant, central belief during the founding period—is what I have called “Protestant Providentialism.” Here we find the American soul that gives shape to the body and governance to the mind, and promise to America’s future.

A Providential Nation

It's Only Livable if You Can Afford to Live

 — Publication: CityNerd —