Senior Editor, Cato Institute. cato.org "The difference between a welfare state and a totalitarian state is a matter of time." (Views my own.)

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Michael Chapman retweeted
In an interview, France’s finance minister said the government is prepared to exercise special constitutional powers and circumvent Parliament to pass billions in cuts if talks stall over the budget. on.wsj.com/4rR34jC
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Michael Chapman retweeted
Heating oil prices are soaring, and homeowners who rely on it could see winter bills jump 21%, per CNBC. Some customers are already paying more than $5.50 a gallon as the Iran war drives up crude, diesel and heating oil prices. Overall winter heating costs are forecast to rise 8.7%, more than double the rate of inflation, per the National Energy Assistance Directors Association.
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🔥🔥🔥 @NRO editorial
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Michael Chapman retweeted
Look at this. Trump announced a $6.6 billion government investment in defense company Anduril. 1789 Capital, where Donald Trump Jr. is a partner, took a major stake in Anduril in June 2025. Since then, Anduril has won 135 other government contracts worth about $1.8 billion.
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The Jones Act delivers only a fraction of its advertised benefits at a wildly disproportionate cost. It's time to ask whether this century-old law is worth it. Cato's @cpgrabow explains. ow.ly/yROg50ZVuOj
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Michael Chapman retweeted
Important discussion on FCC vs. Disney. FCC should abolished. Privatize the airwaves.
Disney vs. FCC: Licensing as a Tool of Censorship Does a broadcaster like ABC remain free when every editorial decision must account for the regulator controlling its license? Onkar Ghate and @BakulaRobertas examine Disney’s First Amendment case against Brendan Carr's FCC and argue that the airwaves should be fully privatized.
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Michael Chapman retweeted
Peter Schiff says the 10-year Treasury yield will soon top 5.5%. If it does, he says mortgage rates will climb above 8%. The 10-year is already near 5.3%, its highest since 2002. 30-year mortgage rates hit 7.24% in mid-September.
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Michael Chapman retweeted
235 people are dead and the government has not shown its work. Southern Command announced the latest strike yesterday: four people killed on a boat in the Caribbean. Nobody killed in these strikes was charged with anything; you can’t charge someone you’ve already killed.
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The total bill per household since the U.S.-Iran conflict began is around $1,760, per Moody's.
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⛽ Price of a gallon of diesel, USD 1. 🇩🇪 Germany: $10.41 2. 🇫🇷 France: $10.03 3. 🇮🇹 Italy: $9.96 4. 🇬🇧 United Kingdom: $9.88 5. 🇺🇸 California (US high): $8.42 6. 🇿🇦 South Africa: $7.57 7. 🇹🇷 Türkiye: $7.23 8. 🇨🇦 Canada: $7.00 9. 🇦🇺 Australia: $6.89 10. 🇺🇸 United States (average): $6.32 11. 🇦🇷 Argentina: $6.09 12. 🇲🇽 Mexico: $5.87 13. 🇺🇸 Texas (US low): $5.74 14. 🇮🇩 Indonesia: $5.41 15. 🇰🇷 South Korea: $5.30 16. 🇧🇷 Brazil: $4.92 17. 🇨🇳 China: $4.69 18. 🇮🇳 India: $3.86 19. 🇯🇵 Japan: $3.82 20. 🇷🇺 Russia: $3.67 21. 🇸🇦 Saudi Arabia: $1.82 22. 🇱🇾 Libya: $0.09 23. 🇮🇷 Iran: $0.02 24. 🇻🇪 Venezuela: $0.02 Prices as of October 4–6, 2026. G20 countries plus the world's three cheapest. Source: GlobalPetrolPrices, AAA
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BREAKING: 10-year Treasury note yield hits highest level since 2002 as traders brace for key bond sale
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Replying to @CafeHayek
@CafeHayek correctly identifies a key theme of my @EncounterBooks THE CIVILIZATION OF COMMERCE (due out Oct 13). The case for markets includes prosperity but also the promotion of distinct moral values as part of a civilizational endeavor. cafehayek.com/2026/10/quotat…
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Michael Chapman retweeted
Econ 101: right again.
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Michael Chapman retweeted
Trade policy should not play favorites. Tariffs sold as a fight against forced labor spared Brazilian iron that American steelmakers buy, some of it ironically linked back to forced labor, write Cato's @clark_packard and Alfredo Carrillo Obregon. ow.ly/r7Rz50ZVpKS
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Michael Chapman retweeted
Just a reminder that Chat and Claude are some of the greatest, most life-giving tools humanity has ever produced. And a reminder that most of humanity is incredibly poor. Especially in terms of access to elite mental assistance. We should talk about these facts all the time.
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DHS Can’t Condition Counterterror Funds on Running Elections Trump’s Way cato.org/blog/court-dhs-cant… via @CatoInstitute
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