Hello, readers! I'm writing this in advance as I'm away on family business. According to my publisher, there is a $2.99 sale this week on my April 2020 book, Hiding in Plain Sight. I’m sharing excerpts because this book, unfortunately, never goes out of style. It covers Trump, Epstein, Kushner, and transnational organized crime in US institutions from the 1970s onward.
If you’d like to support my continuing research, the best way is to subscribe here:
A Defense of the President’s Strategy in Iran
— Organisation: The Claremont Institute —America is engaged in negotiations to end the war in Iran on terms favorable to the United States. It is difficult to believe this will be achieved through negotiations alone, however hopeful President Trump is about the prospects. Like many Americans, the president wishes to bring this war to a close. After all, America is not the policeman of the world. Nor are we the protector of the Middle East.
When the United States spends the blood and treasure of the American people, we do so for the good of the American people. This is both the beginning and the end of President Trump’s strategic view of the war in Iran. Although other very high-priority policies must be carried out—the deportation of 25 million illegal aliens that came during the Biden Administration, for starters—this war must be prosecuted to a satisfactory conclusion for the United States.
President Trump does not see the war in Iran as a diversion from America’s true interests, as many of his critics on both the Left and the Right insist. He sees it as one front in a larger world war that America did not choose but needs to fight and win.
Leaving the Postwar Myth Behind
— Organisation: The Claremont Institute —Every political community needs its story. It needs an account of itself, its heroes and villains, its founding wounds and saving deeds. The public does not merely remember these things but also reinforces them by making them a template for education, teaching the young what is noble, what is shameful, what must be revered, and what must never be permitted to return. This is not simply propaganda. It belongs to political life. No polity can live by disembodied ideals alone, and no people can endure without memory, piety, gratitude, and shared attachments.
The difficulty begins when people start to forget that their sacred story, however reflective of the truth it may be, is nevertheless a parable or a narrative about justice, not justice itself.
The American postwar consensus is such a story, and one that has been generating a fair amount of controversy of late. This consensus is not merely the historical fact that the United States and its allies defeated Nazi Germany and Imperial Japan, or the moral fact that this was a good thing. Nor is it merely the institutional settlement that followed the war: Bretton Woods, the United Nations, NATO, the national security state, the administrative welfare state, and the open-ended commitment to upholding the liberal international order. At its deepest level, the postwar consensus is how America came to understand itself under Franklin Roosevelt.
Call For Nominations For The 2026 Australian International Political Economy Network (AIPEN) Journal Article Prize
— Publication: Progress in Political Economy —We are pleased to announce that nominations are now open for the 2026 Australian International Political Economy Network (AIPEN) Richard Higgott Journal Article Prize. The prize is awarded annually for the best article published in the broad field of International Political Economy (IPE) by an Australia-based academic.
The prize will be awarded to the best article published in IPE as deemed by a selection committee of IPE scholars. The award will be given to any article in IPE, understood in a pluralist sense to include the political economy of security, geography, literature, sociology, anthropology, post-coloniality, gender, finance, trade, regional studies, development and economic theory, in ways that can span concerns for in/security, poverty, inequality, sustainability, exploitation, deprivation and discrimination.
Confused about interest rates and inflation? You’re not alone
— Organisation: The Australia Institute —On this episode of Dollars & Sense, Greg and Elinor go back to the basics of inflation, living costs and interest rates to show that how they interact really isn’t all that basic.
This discussion was recorded on Thursday 6 August 2026.
More Fool Me: How the gas industry tricked Australia by Richard Denniss, the latest Vantage Point essay from Australia Institute Press, is available now. Use the code ‘FOOLME’ on a four-edition Vantage Point subscription to receive a free copy of Richard’s book, Econobabble.
Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
How the Epstein Network is Privatizing the Government & Building Out the Surveillance State (w/Whitney Webb) | TCHR
— —This interview is also available on podcast platforms and Rumble.
Under the radar, the billionaire class is building the infrastructure and models necessary to create a dystopian future in which cities become billionaire fiefdoms - completely privatized, governed by dictatorial CEOs and financed by subservient taxpayers. The buildout of data centers is one essential part of the effort to construct a totalitarian capitalist society, which is already advancing.
The State Department’s War on Far-Left Terrorism
— Organisation: The Claremont Institute —The obituary for the Trump State Department’s efforts against “Far-Left Terrorism” (FLT) may have been premature. The Washington Post—from its lofty position as stenographer for the federal bureaucracy—declared the State Department’s Ministerial on the Resurgence of Political Terrorism a flop before it even began. Anonymous sources lined up to chortle that it was a waste of time and was intended only as public spectacle. According to the credentialed experts popular with the Post, the threat of far-left violence exists only in the minds of the president and his supporters.
Catastrophe at Cambridge – Jason Arday and the Scandal at DEI | The American Mind Podcast
— Organisation: The Claremont Institute —The American Mind’s 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.
Catastrophe at Cambridge – Jason Arday and the Scandal at DEI | The American Mind Podcast
Jason Arday, who rocketed to academic stardom as the youngest black professor at Cambridge, now faces claims that his PhD thesis contains plagiarism. That’s not all: huge portions of his story seem likely to be fabricated, from a supposed brain surgery days before his defense, to an appearance on the documentary Seven Up. But is Arday really the problem? It seems the institutional decay goes much deeper. This week, hosts Spencer and Mike discuss the necessity of a reckoning in the academies. Plus: is America having a Catholic moment? Or is she an irrevocably Protestant nation?
The post Catastrophe at Cambridge – Jason Arday and the Scandal at DEI | The American Mind Podcast appeared first on The American Mind.
Unpaid Work Won’t Fly: How Air Canada Flight Attendants Organized
— Publication: Perspectives Journal —In 2025, Air Canada flight attendants said “enough is enough” to unpaid work that had become increasingly a part of their jobs. Shanyn Elliott is a flight attendant and the Chair of the Mobilization Committee for the Canadian Union of Public Employees (CUPE) Air Canada Component. She organized workers in a strike that disrupted their employer operations, in defiance of the Carney government’s ‘Section 107’ back to work order.
In the end, flight attendants forced their employers back to the bargaining table to end unpaid work and negotiate for fair wages.
The workers’ right to negotiate with bosses is a fundamental democratic right — one that some governments and corporate bosses refuse to realize. It takes organizing for collective action to win these rights back for the working class.
Is Australian climate policy finally heading in the right direction?
— Organisation: The Australia Institute —On this episode of Follow the Money, Leanne Minshull and Rod Campbell join Glenn Connley to discuss dodgy carbon credits, the Great Koala National Park in New South Wales, the federal government’s upcoming review of the Safeguard Mechanism, and the demise of Climate Active.
This episode was recorded Tuesday 4 August.
More Fool Me: How the gas industry tricked Australia by Richard Denniss, the latest Vantage Point essay from Australia Institute Press, is available now. Use the code ‘FOOLME’ on a four-edition Vantage Point subscription to receive a free copy of Richard’s book, Econobabble.
Get your tickets for the Australia Institute’s Climate Integrity Summit 2026 at the Parliament of New South Wales on Tuesday 15 September.
Guest: Leanne Minshull, co-Chief Executive Officer, the Australia Institute // @leanneminshull
Guest: Rod Campbell, Research Director, the Australia Institute // @rodcampbell
A Hidden Geopolitical Threat to the Global Financial System? Oddities in the U.S.-Japanese Yen Intervention
— — Publication: Notes on the Crisis —
This is a Premium Piece of Notes on the Crises.
Birth Tourism’s Next Evolution: Commissioned Citizenship
— Organisation: The Claremont Institute —When the Supreme Court struck down President Trump’s birthright citizenship executive order in Trump v. Barbara, it settled for now in the courts who becomes a citizen at birth. It did not settle—and could not settle—whether American citizenship may be bought and sold.
It remains well within the power of Congress and the president to shut down the contracts, clinics, agencies, and visas that convert foreign money into American citizenship—without amending the Constitution or defying the Court. Until the Court revisits the issue, the political branches are solely responsible for overseeing the marketplace, and they have no excuse to delay.
If you doubt that such a marketplace exists, meet the Simpson triplets.
Nearly 20 months ago, Kyla Simpson of St. Augustine, Florida, gave birth to triplet boys as a gestational surrogate for an intended parent she had never met: a single man in China. He never came. Not during the boys’ two months in the NICU, not through the year and a half the Simpsons raised them, and not even when one of the triplets died of RSV.
Trump's Phantom Enemies - Read by Eunice Wong
— —This article is read by Eunice Wong. You can find her work at www.eunicewong.actor.
Text originally published July 22, 2026.
Pedro Sánchez’s Kingdom
— Organisation: The Claremont Institute —In the middle of April, Spanish Prime Minister Pedro Sánchez summoned the world’s leftist statesmen to Barcelona for what he called a Global Progressive Mobilization. There are not many leftist statesmen to choose from these days. But Claudia Sheinbaum of Mexico and Lula of Brazil rallied round Sánchez, and so did the representatives of activist philanthropies—Bill Gates’s people and George Soros’s, too. Various agitators came for environmental and sexual causes, with their earrings and keffiyehs and polyglot t-shirts.
2026 Annual Henry George Commemorative Dinner and Address
— Organisation: Prosper Australia —Join us for a night of intellectual discourse and celebration at the 135th Annual Henry George Dinner and Address, to be held on Thursday, September 17th, 2026, at Graduate House, Melbourne. Prosper Australia’s Executive Committee invites you to join us as we pay tribute to the legacy of influential 19th-century economist and social reformer, Henry George. The Henry George Dinner […]
The post 2026 Annual Henry George Commemorative Dinner and Address first appeared on Prosper Australia."From Austerity to Resilience" MMT Q&A with Stephanie Kelton
— Organisation: Modern Money Lab, YouTube —NSW Govt fails to act on own review, leaving LGBTIQ+ people without protections against hate, community says
— Organisation: Equality Australia —August 4, 2026 - Equality Australia says the NSW government has failed to act on the clear recommendations of its own review, denying LGBTIQ+ communities equal protection from hate.
Attorney-General Michael Daley released the findings of Justice John Sackar KC’s review into NSW hate speech protections on Tuesday and dismissed its key recommendation that protections be extended to all communities targeted by hate.
“The NSW government is choosing to ignore the key recommendations of its own review, leaving LGBTIQ+ people exposed to harm and undermining social cohesion for everyone,” said Legal Director Heather Corkhill.
“All forms of hate and vilification are harmful, whether they are driven by racism, homophobia, transphobia or any other form of prejudice.”
The government said that expanding the existing racial hatred offence to cover other attributes raised complex questions about freedom of expression and religion.
“The government has already shown it can balance these rights when it comes to racial hatred. Claiming that the same approach cannot apply to other communities is disingenuous, creating an inconsistent legal framework and a hierarchy of protections,” Ms Corkhill said.
Fred Lee's 'grandiose' project: Towards a unified heterodox model?
— Organisation: Modern Money Lab, YouTube —Divisions in the Core of Global Capitalism? Italian Labour and ‘Free Trade’
— Publication: Progress in Political Economy —The global labour movement has been divided over ‘free trade’. Many unions in the Global North, especially in export-oriented sectors, supported such agreements to secure markets and jobs, while unions in the Global South opposed them, having experienced job losses and deindustrialisation. In my new article, ‘Divisions in the Core of Global Capitalism? Italian Labour and “Free Trade”’, published in the journal New Political Economy, I demonstrate that a split has opened up in the core of Global Capitalism. Against the background of drastic deindustrialisation, Italian trade unions have moved to an explicit anti – ‘free trade’ position, while especially the export sector German and Scandinavian trade unions continue their support.
Historically, support for ‘free trade’ was part of a post–World War II national consensus in Italy, including also trade unions. Given Italy’s shortage of raw materials and advanced industries, export-led growth was seen as essential to finance necessary imports. Similar to trade unions in other European countries, this pro – ‘free trade’ position first changed in 2014 and 2015 during the broad mobilisation against the Transatlantic Trade and Investment Partnership (TTIP) negotiations. As most tariffs between the EU and the US had already been removed at that time, the danger of removing non-tariff barriers such as health and safety regulations, the key focus of TTIP, was clear.
Time to give Pacific workers a fair go – new poll
— Organisation: The Australia Institute —Under the PALM (Pacific Australia Labour Mobility) Scheme, workers from nine Pacific Island nations and Timor Leste work in Australian agriculture (doing jobs like fruit picking), food processing (many in abattoirs) and the care sector (aged care).
However, the scheme has been identified as a modern slavery risk because PALM workers are tied to a single employer. Poor living and working conditions, under payment, access to superannuation and proper healthcare have all been identified as problems.
The scheme, which was originally lauded as a win-win for Australia and its Pacific neighbours, is now heavily lopsided in Australia’s favour, with workers forced to hand over a large portion of their earnings in tax and expenses, locked out of Medicare and blocked from changing jobs by their employers, even if things turn bad.
Now, a poll of 2,230 Australia voters, conducted by YouGov, reveals significant support for giving workers the right to change employers if they’re underpaid (68%), not given enough hours (78%) or housed in expensive, overcrowded or substandard accommodation (81%).
66% of respondents support PALM visa holders being given access to Medicare while they are working in Australia.
Don Corleone Trump
— —“Quiet, piggy”: how the Trump administration projects misogyny abroad
— Organisation: The Australia Institute —Linda Robinson, author of Women in Power: Fighting for Democracy in an Age of Authoritarianism, joins Dr Emma Shortis to discuss the misogyny of the Trump administration, how Big Tech enables its spread, and the stark realities facing women in politics.
This episode was recorded Friday 31 July.
1800RESPECT is the national domestic, family and sexual violence counselling, information and support service. Call 1800 737 732, text 0458 737 732, chat online or video call via their website.
More Fool Me: How the gas industry tricked Australia by Richard Denniss, the latest Vantage Point essay from Australia Institute Press, is available now. Use the code ‘FOOLME’ on a four-edition Vantage Point subscription to receive a free copy of Richard’s book, Econobabble.
Guest: Linda Robinson, Senior Fellow for Women and Foreign Policy, Council on Foreign Relations // @lrobinson
Fauci Tyrannus
— Organisation: The Claremont Institute —Appearing before Rand Paul’s Senate committee on July 29, Dr. Anthony Fauci, who headed the federal government’s response to COVID under Presidents Trump and Biden, refused to answer any questions, even though Biden gave him a preemptive pardon “for any offenses against the United States…in any manner related to his service” to the government between January 1, 2014, and January 19, 2025.
Certainly Fauci has much to answer for, starting with severe errors in judgment—whether criminal or not. As Dr. Scott Atlas and his coauthors put it in a 2024 report, “[A] calm, proportionate response would have applied the lessons from past influenza pandemics and used existing pandemic response plans. Instead, from the moment the virus was detected in America, the public health community and politicians spread an outsized message of fear and doom.” Public health officials “overlaid enormous economic, social, educational, and health (including substantial non-COVID excess mortality) harms on top of the virus itself, which nonetheless worked its way through substantially all of the population.”
AusPATH Endorses APA Policy Statement on Affirming Evidence-Based Inclusive Care for Transgender, Gender Diverse, and Nonbinary Individuals, Addressing Misinformation, and the Role of Psychological Practice and Science AusPATH Endorses APA
— Organisation: Australian Professional Association for Trans Health (AusPATH) —This policy statement affirms APA’s support for unobstructed access to health care and evidence-based clinical care for transgender, gender-diverse, and nonbinary children, adolescents, and adults.
Furthermore, this policy statement addresses the spread of misleading and unfounded narratives that mischaracterize gender dysphoria and affirming care, likely resulting in further stigmatization, marginalization, and lack of access to psychological and medical supports for transgender, gender-diverse, and nonbinary individuals.
https://auspath.org.au/wp-content/uploads/2024/03/APA-statement-on-affirming-evidence.pdf
Statement on NHS England Interim Clinical Policy: “Puberty suppressing hormones for the purpose of puberty suppression for children and adolescents who have gender incongruence/dysphoria”
— Organisation: Australian Professional Association for Trans Health (AusPATH) —The Australian Professional Association for Trans Health (AusPATH) was established in 2009 and is Australia’s peak body for professionals involved in the health, rights and wellbeing of all trans people – binary and non-binary. The AusPATH membership comprises over 600 experienced professionals working across Australia.
The NHS England has recently released a Clinical Policy advising that “Puberty suppressing hormones (PSH) are not available as a routine commissioning treatment option for treatment of children and young people who have gender incongruence / gender dysphoria.” In this policy document, it is stated that a Policy Working Group commissioned by the NHS has concluded “that there is not enough evidence to support the safety or clinical effectiveness of puberty suppression hormones to make the treatment routinely available at this time”. They recommend “that access to puberty suppressing hormones for children and young people with gender incongruence/dysphoria should only be available as part of research”.
AusPATH has significant concerns about this decision by NHS England, and the negative impact that it is likely to have on young gender diverse people in the UK. It is our opinion that the NHS England is undertaking an enormous and unprecedented public health experiment on children with no safeguards.
AusPATH calls upon Australian Health Ethics Committee to conduct a thorough review of doctors’ conflict of interests
— Organisation: Australian Professional Association for Trans Health (AusPATH) —The Australian Professional Association for Trans Health (AusPATH) was established in 2009 and is Australia’s peak body for professionals involved in the health, rights and wellbeing of all trans people – binary and non-binary. The AusPATH membership comprises over 600 experienced professionals working across Australia.
AusPATH firmly stands by the ethical responsibility of medical professionals to offer unbiased, evidence-based care to all individuals, regardless of personal beliefs.
Recently, it has come to our attention that two doctors, utilising their professional status, have publicly called for the cancellation of the Orange Rainbow Festival. Their statements, invoking their medical credentials, have misrepresented research and practice surrounding gender-affirming care.
AusPATH calls upon the Australian Health Ethics Committee to conduct a thorough review of the conflicts of interest among doctors who let their personal moral or religious judgments influence their professional obligations. Healthcare professionals must prioritise the well-being of their patients, adhering to the highest standards of evidence-based care without letting personal biases interfere.
AusPATH response to Elkadi, J.; Chudleigh, C.;Maguire, A.M.; Ambler, G.R.; Scher,S.; Kozlowska, K. Developmental Pathway Choices of Young People Presenting to a Gender Service with Gender Distress: A Prospective Follow-Up Study. Children 2023, 10, 314.
— Organisation: Australian Professional Association for Trans Health (AusPATH) —https://doi.org/10.3390/children10020314
The Australian Professional Association for Trans Health (AusPATH) was established in 2009 and is Australia’s peak body for professionals involved in the health, rights, and wellbeing of all trans people – binary and non-binary. The AusPATH membership comprises over 450 experienced professionals working across Australia.
Elkadi et al (2023) recently published a research paper in the journal ‘Children’, entitled Gender Distress: A Prospective Follow-Up Study (heretofore referred to as “the study”). The AusPATH board and its membership have serious concerns about the misrepresentation of data presented in this research, as well in the choice of language used throughout the paper, which demonstrate a clear agenda of the research team to undermine the provision of gender affirming care to transgender children and adolescents. This response will outline our major concerns with this research article.
AusPATH has concerns about the methodology used and reporting of data in the study. The headline reporting of an “overall desistance rate” of 22.1% of participants does not accurately represent the cohort as, from the authors’ own published data, the following can be seen:
AusPATH statement about the Interim Service Specification for the Specialist Service for Children and Young People with Gender Dysphoria (Phase 1 Providers) by NHS England
— Organisation: Australian Professional Association for Trans Health (AusPATH) —In August 2022, AusPATH issued a position statement about the interim report of the Independent Review of gender identity services for children and young people. NHS England has now issued an interim service specification for “Phase 1” services pending establishment of new regional services in England. https://www.engage.england.nhs.uk/specialised-commissioning/gender-dysphoria-services/
AusPATH has major reservations about this interim service specification.
What’s the point of the Reserve Bank of Australia?
— Organisation: The Australia Institute —On this episode of What’s the Point?, Richard Denniss explains the purpose of the Reserve Bank of Australia and whether it’s fulfilling that role.
Host: Richard Denniss, co-Chief Executive Officer, the Australia Institute // @richarddenniss
Host: Anna Chang, Managing Editor, The Point // @annachang
Climate Integrity Summit 2026 tickets.
Pre-order More Fool Me: How the gas industry tricked Australia by Richard Denniss, the latest Vantage Point essay from Australia Institute Press. Use the code ‘FOOLME’ on a four-edition Vantage Point subscription to receive a free copy of Richard’s book, Econobabble.
Theme music: Blue Dot Sessions
We Should Have a Nashville History Month
— —Still Hiding in Plain Sight
— —Hello readers! There is a $2.99 sale this week on my book Hiding in Plain Sight: The Invention of Donald Trump and the Erosion of America. Hiding was published in April 2020 and was a national bestseller. Then multiple entities tried to censor it, either tacitly (as described here) or overtly. Hiding is a history book that covers the rise of Trump and the decline of the US from the late 1970s to 2019. It has unfortunately stood the test of time. Written before Epstein’s 2019 arrest and alleged murder, it was the first book to cover Trump, Epstein, and transnational organized crime.
And now it’s on sale! I’m told the eBook deal will last all week. I encourage you to get it while it’s cheap — and legal! I will make almost no money off this sale despite earning out my advance. That’s how book publishing works now. If you’d like to support my work, the best way to do it is through a subscription to my newsletter:
1776 and 1789: A Tale of Two Revolutions
— Organisation: The Claremont Institute —On November 10, 1793, the Cathedral of Notre-Dame ceased to be a church. The high altar where the Holy Mass had been celebrated for centuries was made into a stage, and on it, a woman was enthroned as the Goddess of Reason. The French Revolutionaries believed they were liberating France from a faith and a tradition they thought had unjustly shackled mankind. In speech, policy, and action, they sought to overturn the Christian religion that had shaped European civilization for nearly 15 centuries.
About two decades before the French Revolution, another revolution began across the Atlantic: the American colonists rose up against British rule. Yet their goal was neither a triumph of “reason above God” nor a severing of liberty from the moral order that had birthed it. The American Revolutionaries achieved a miracle, establishing the first enduring constitutional republic of the modern age. They secured the rule of law on a vast scale with a robust representative government.
Both revolutions transformed Western civilization’s understanding of authority, man, and God—the American Revolution for good, but the French Revolution for ill. They carried distinctly different anthropological messages about the nature of man, the sources of authority, and the purposes of political life.
The American Way of Life
Florida’s DOGE Is Delivering
— Organisation: The Claremont Institute —On July 14, the State Leadership Initiative was honored to host the Florida DOGE team and their tech partners, Vulcan, Echelon, and DigiBuild, for the Florida DOGE Showcase in Washington, D.C. Spearheaded by Governor Ron DeSantis, the state has become the leader for providing accountable and efficient governance to its citizens.
Since its creation in 2025, the Florida DOGE team has identified nearly $1 billion in waste and abuse at the local government level and sent over $878 million back to the federal government. But the team’s work extends beyond fiscal savings and budgetary cuts—it also includes auditing university curriculum and state union programs and reining in rogue municipalities that had adopted woke-left policies.
What should individuals do?
— —
[This is more or less a continuation of the previous post.]
The important variable in democracies shifting to authoritarianism is media.
We’re hiring! Content Producer and Media & Communications Advisor
— Organisation: Consumer Policy Research Centre —The post We’re hiring! Content Producer and Media & Communications Advisor appeared first on CPRC.
After Barbara: Illegal Aliens and the Census, Part II
— Organisation: The Claremont Institute —In Trump v. Barbara, the Supreme Court deemed birthright citizenship a constitutional right for the children of illegal aliens and birth tourists. It did so based on a dubious reading of the law, a blindness to its spirit, and a stubborn dismissal of relevant history, policy, and practices. That jurisprudence, I argued in part I, could spell coming doom for the Trump Administration in parallel cases likely to arise in response to its effort to exclude illegal aliens from the census apportionment base. This is a critical initiative given that those figures are used to allocate congressional seats and Electoral College votes across the states, redistrict, and dole out trillions of dollars in federal funds.
However, there is one powerful argument the Court did not countenance in Barbara or elsewhere that could lead it to render a more favorable judgment if and when the census-citizenship issue comes before it.
07/30/2026 Market Update: The Inflection Point, Reading the New Fed, and Why You Can't Front-Run Flows
— Organisation: Applied MMT —Market Update Preview
Yesterday's sell-off was fierce, the Dow shed over 1,000 points following the Fed decision and Warsh's press conference, and today we've already made almost all of it back. We're at a genuine inflection point, and my read is that this consolidation is close to resolving higher.
We now have two FOMC meetings under the new chair, which is enough to start drawing conclusions about how to play this Fed. I lay out what the market's response function is actually telling us, why I expect rates to keep grinding higher, and the one thing Warsh would have to do to break the pattern.
There's also a significant change to the flow picture that arrived on July 24th, which starts to reverse the tailwind that's been supporting this market since April. I walk through what it means for the back half of the year and for the cycle timing.
CORE: COnnecting REpositories – An Open Scholarly Infrastructure Supporting Repositories
— Organisation: Open Access Australasia —*Sigh* No Ed Zitron, AI bond issuance is not AI’s "Subprime Mortgage Crisis”
— — Publication: Notes on the Crisis —
EDITORIAL NOTE: Given the importance of this issue, and in a desire to be fair when writing such a critical piece, I sent a draft of this article to Ed Zitron to review and give his response to. I've clarified a few points here and there in response to his comments but we mutually decided that it would be best for him to lay out the core disagreement (or misunderstanding) between us in a response piece that I would then respond to. Keep that in mind, and Ed's graciousness in response to harsh criticism, when reading this piece.
It may be a few weeks until Ed can respond to me, given his busy work schedule. Please give him summer grace, especially since he only saw the details of my criticisms- and replied very rapidly- yesterday. He wants me to briefly clarify that the crux of his response will focus on the potential scale of investment expenditures that are not coming from the “big four”, particularly based on the projections of these smaller companies.
We’re quadrillionaires. Also, things seem terrible.
— Organisation: The Australia Institute —On this episode of Dollars & Sense, Greg and Elinor discuss the better-than-expected inflation figures, the global oversupply of once-in-a-lifetime crises, and what the ominous-sounding ‘global balance sheet’ tells us about wealth on Earth.
This discussion was recorded on Thursday 30 July 2026.
Pre-order More Fool Me: How the gas industry tricked Australia by Richard Denniss, the latest Vantage Point essay from Australia Institute Press. Use the code ‘FOOLME’ on a four-edition Vantage Point subscription to receive a free copy of Richard’s book, Econobabble.
Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
War profits for Woodside, war prices for ordinary Australians
— Organisation: The Australia Institute —Woodside has reported a revenue jump of nearly 30 per cent to $6 billion over the past three months, with the company branded “one of the Australia’s biggest winners” from the war in the Middle East.
Dr Richard Denniss, co-CEO at The Australia Institute, said the soaring war profits of Woodside and other gas exporters was an opportunity for Labor to enact its pledge to get a fair return for Australia’s resources, which is now part of Labor’s Party Policy Platform.
“This week we hear that gas export profits have soared, while just last week Labor declared it would seek a fairer return for Australian gas. What great timing,” said Dr Denniss said.
“Media outlets are describing gas export companies as Australia’s “biggest winners” of the Iran war. This begs the question of who are Australia’s biggest losers?
“Obviously it is Australians who are giving away their gas to multinationals for free while paying higher prices for petrol.”
Australia Institute research shows that if Labor implemented a 25 per cent gas export tax, it would raise $350 million per week at current prices, or $17 billion per year.
“That is enough to cover the fuel excise discount, which ends on Sunday,” Dr Denniss said.
Tom Wolfe, Money, and Me
— Organisation: The Claremont Institute —When I read James Rosen’s review of my Dispatches from the Late Republic, I panicked a little over the following:
Anton is way off base when he asserts that Wolfe’s creative decision-making was at any point driven by exigent financial needs…. For Wolfe—who never borrowed money—the 1990s were flush: The Bonfire of the Vanities (1987) had been a titanic success, and he had, as a matter of public record, sold a brownstone and bought a co-op. It was struggles with plot, not finance, that delayed the publication of A Man in Full (1998). (Emphasis added.)
Now, some of the above is not in doubt. Bonfire was indeed a huge success, selling 800,000 copies in hardcover alone, plus God knows how many in paperback (nearly 40 years later, the book is still in print), and netting Wolfe a $750,000 check for the movie rights. But does that necessarily mean that, for Wolfe, “the 1990s were flush”?
Quicksand
— —They trained us to fear quicksand. They laughed at us when we did. But we were right.
We knew. Eating Rice Krispies drowned in milk poured from a carton with a face of a missing child on it — we knew. Snap, crackle, and pop; stop, drop, and roll; hook, line, and sinker — we knew. The most entertaining shows and movies warned of quicksand. Labyrinth, a tale of a secret world where predators steal children; Scooby-Doo, the story of criminals in obvious masks; The Princess Bride, a woman’s guide to outwitting abductors; The Never-Ending Story, the saga of the Trump regime.
We watched our heroes sink while adults abandoned them and everyone screamed “Quicksand!” but never drained the swamp — and we knew.
A New Phase in the Iran War | The American Mind Podcast
— Organisation: The Claremont Institute —The American Mind’s 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.
A New Phase in the Iran War | The American Mind Podcast
Ukraine’s Volodymyr Zelensky and Israel’s Benjamin Netanyahu entered meetings with Trump this week to discuss their respective wars with Russia and Iran. Will Trump shift strategies to bring an end to the conflicts in time for the midterms? Will Thibeau, director of the American Military Project, joins the guys to survey the battlefield and its implications. Meanwhile, Senator Rand Paul released pages of Fauci’s COVID-era diary ahead of the ex-public health official’s appearance before a Senate committee, prompting a retrospective on the dark days of lockdown.
The post A New Phase in the Iran War | The American Mind Podcast appeared first on The American Mind.
Why the U.S. Military is 'Earth's Greatest Enemy' (w/ Abby Martin) | The Chris Hedges Report
— —This interview is also available on podcast platforms and Rumble.
In their most recent documentary, “Earth’s Greatest Enemy”, Abby Martin and Mike Prysner examine the US military as not only the world’s biggest consumer of fossil fuels, but also the world’s biggest perpetrator of ecological devastation and a driver of both increasing carbon emissions and militarization in other countries. Chris Hedges speaks about the new film and why it is an important tool in the global struggle against imperialism with Abby Martin in this episode of The Chris Hedges Report.
President Trump Renews JFK’s Forgotten War Against Subversion
— Organisation: The Claremont Institute —When President Trump reposted a video featuring President John F. Kennedy warning about subversion in America, he renewed focus on a threat we have long ignored at our peril.

