GOP pols say MTG’s motion to vacate has fizzled

Source: Axios

“A sizable number of GOP lawmakers cast doubt on the odds of Rep. Marjorie Taylor Greene (R-Ga.) pulling the trigger on her motion to vacate Speaker Mike Johnson (R-La.), with some arguing her efforts lost momentum after members went home for recess. Greene told reporters she felt members would hear from constituents back home in support of her motion shortly before House lawmakers left town. But multiple members said GOP voters have largely been against another speaker ouster attempt this Congress. … Conservatives are fuming about Johnson’s decision to bring Ukraine funding without border language attached to the floor, but many say they don’t want the chaos at this point in the game.” (04/30/24)

https://www.axios.com/2024/04/30/marjorie-taylor-greene-johnson-motion-vacate-gop

Georgist Thoughts

Source: David Friedman’s Substack
by David Friedman

“Henry George was a prominent 19th century American economist, chiefly remembered today for the single tax, the idea that government ought to be funded by taxing away all income from the site value of land with any excess distributed to the population. His modern followers are a faction, I think the most intellectually coherent faction, among left libertarians, libertarians who for the most part share the economic and political beliefs of other libertarians but identify more with the left than the right in modern-day America. Some offer libertarian arguments for some form of income transfer, in the Georgist case funded by a tax on the site value of land.” (04/29/24)

https://daviddfriedman.substack.com/p/georgist-thoughts

Ukraine war: Russian missile kills five in Odesa

Source: Reuters

“A Russian missile attack on an educational institution in a popular seafront park in the Ukrainian Black Sea port of Odesa on Monday killed at least five people and injured 32, local officials said.
Regional governor Oleh Kiper, writing on the Telegram messaging app, said that in addition to those killed in the attack, one man died after suffering a stroke attributed to the strike. Kiper said eight of the injured were in serious condition, including a 4-year-old child. Among the injured were another child and a pregnant woman Reuters Television footage showed the roof of the ornate building, a private law academy, all but destroyed after the strike. Firefighters were directing water on small fires still burning.” (04/29/24)

https://www.reuters.com/world/europe/russian-missile-hits-educational-institution-kills-two-ukraines-odesa-2024-04-29/

Dungeons & Dragons at 50: You Can’t Copyright Fun

Source: Reason
by CJ Ciaramella

“If it seems strange that something as anachronistic and exquisitely dorky as D&D is popular again, consider that those qualities may be exactly why people are drawn to it. The Atlantic recently reported that Americans are suffering a ‘kind of ritual recession, with fewer community-based routines’ and face-to-face meetups. It’s perhaps not surprising that D&D has become a redoubt for old-fashioned, goofy fun in our digital age. But there’s another reason D&D has weathered 50 years of critical successes and failures: It radically empowered its fans to create their own adventures and games, keeping the tabletop gaming hobby alive even when its flagship was floundering. The 50-year history of D&D is an entrepreneurial success story, yes, but it’s also a story of the advantages of an open-source, loose approach to intellectual property, and the disadvantages of being miserly with it.” (for publication 05/24)

https://reason.com/2024/04/29/50-years-of-dd-you-cant-copyright-fun/

Palestine: Abbas appeals to US to stop Israel’s Rafah offensive

Source: BBC News [UK state media]

“Palestinian President Mahmoud Abbas says the US is the only country that can stop Israel from attacking Rafah, the southern Gaza city where more than a million people are taking refuge. Mr Abbas, who runs parts of the occupied West Bank, said any attack could see Palestinians flee Gaza. Israel has consistently vowed to carry out an offensive in Rafah. US President Joe Biden ‘reiterated his clear position’ on Rafah to Israel PM Benjamin Netanyahu in a call on Sunday. The US has repeatedly said it cannot support a large-scale Israeli military operation in Rafah without seeing a credible plan to keep civilians out of harm’s way.” (04/29/24)

https://www.bbc.com/news/world-middle-east-68916315

If the economy’s doing great, why are voters so worried? Don’t ask Joe Biden.

Source: Philadelphia Inquirer
by Jennifer Stefano

“If you’ve been struggling to pay your heating bill, priced out of buying a home, or often find yourself making the decision between filling up your gas tank or feeding your family, President Joe Biden has a message for you: The economy is doing great. ‘America has the best economy in the world,’ Biden bragged this month. Of course, it does. America has been the world’s leading superpower since about 1898, when William McKinley was president. That’s hardly the point. Since taking office in January 2021, Biden has overseen an economy that is causing pain, not prosperity, for millions of Americans.” (04/29/24)

https://www.inquirer.com/opinion/biden-economy-inflation-elections-prices-20240429.html

US Treasury yields rise ahead of Fed meeting

Source: CNBC

“U.S. Treasury yields were slightly higher on Tuesday as investors looked to economic data for hints about the state of the economy ahead of the Federal Reserve’s meeting. … Investors are hoping to get fresh guidance about the outlook for interest rates as questions about when rates will be cut and how many cuts could come this year have been top of mind. Markets had been hoping that rates would be cut as soon as June, but this timeline has since moved to September after recent economic data has suggested that inflation is persistent and the economy remains resilient.” (04/30/24)

https://www.cnbc.com/2024/04/30/treasury-yields-rise-ahead-of-fed-meeting.html

Economists’ Advocacy for a Carbon Tax Is Misguided

Source: American Institute for Economic Research
by Kenneth W Costello

“Many, if not most, mainstream economists, both conservative and liberal, support a carbon tax. As economist Alan Blinder recently remarked, ‘It’s only a very slight exaggeration to say that all economists favor a carbon tax to mitigate climate change.’ But I argue below their position seems to overlook real-world politics, bureaucratic incentives, and the ‘pretense of knowledge.’ Advocates of a carbon tax seem to fall victim to what Ronald Coase labeled ‘blackboard economics.’ The benefits from such a tax may, therefore, be far less than promised by blackboard economics, and than advocates are claiming. In fact, the benefits can be negative, given what I regard as ‘guesstimates’ (highly uncertain metrics) that policymakers rely on to represent the damage from carbon.” (04/29/24)

https://www.aier.org/article/economists-advocacy-for-a-carbon-tax-is-misguided/