July 22, 2026

SUBTRACTING LABOR AND ENERGY COSTS…:

What Economists Are Missing About AI (Benjamin Verschuere and Angus Cameron, July 15, 2026, ProMarket)

In a new working paper, Benjamin Verschuere and Angus Cameron argue that the wide dispersion in economists’ forecasts for the impact of artificial intelligence on the economy stems from two gaps. The first is that estimates for growth, jobs, and prices are each built in isolation, with no single framework to reconcile them. The second is that models fixate on AI’s current capabilities, rather than on how fast it spreads and how much of a given job it can eventually reach. The authors build a unified framework that predicts roughly $2 trillion in long-run output gains, the loss of about 20 million American jobs, and falling prices.

BECAUSE IT INDICTS THE PATIENT:

Exercise works for depression. So why isn’t it treated like real medicine? (Nicholas Fabiano, July 21, 2026, Big Think)

Hundreds of clinical trials now show that exercise can significantly reduce symptoms of depression. For mild to moderate cases, its effects are generally comparable to medication or therapy. When exercise is combined with medications or therapy, the effects may even be additive. On a population level, even achieving just half the recommended amount of physical activity is linked to an 18% lower risk of developing depression.

CHANGE THE REGIME:

A Family’s Daring Escape From North Korea ‘to Live and Stand Tall’ (Choe Sang-Hun, July 21, 2026, NY Times)


Rain lashed a flimsy wooden boat as it tossed through a churning sea, its engine straining against the swell. Under the cover of a stormy night three years ago, the vessel was fleeing North Korea.

On board were nine people, including two small children and a woman who was six months pregnant. Only a couple of the passengers had seafaring experience. They eluded a patrol ship, speeding across the world’s most heavily guarded maritime border.

Soon after their boat lurched into South Korean waters, a high-speed warship of the South’s navy bore down on it, tearing the water in aggressive circles. Snipers on the vessel trained their laser sights on the chests of the three adult men on the wooden boat.

Through a loudspeaker, a voice boomed: “Are you lost? Engine trouble?”

The North Koreans shouted: “Please help. We are defecting.”


The red dots remained stubbornly fixed on their chests. The South Koreans were taking no chances: The three men were clad in North Korean military uniforms, camouflage for a high-stakes escape. Desperate, the men shouted into the boat’s cramped hold for the other passengers to emerge in order to prove that they were civilians. From below, the two children, a 5-year-old girl and 3-year-old boy, were hauled up first, both pale and wasted from seasickness. Only then did the red dots drop off.

The North Koreans, led by Kim Il-hyeok and his younger brother, Yi-hyeok, were bound together by blood and marriage. The brothers, both in their 30s at the time, were accompanied by their mother and their families: Il-hyeok’s partner, who was pregnant, and Yi-hyeok’s wife, their two children, his mother-in-law and brother-in-law.


The family, who defected in 2023, were among the few who managed to escape North Korea after its leader, Kim Jong-un, imposed a crushing lockdown during the coronavirus pandemic. They arrived in their adopted country with rare insights into a nation that had been choked off from the outside world. Some details of their escape have not been previously reported.

“That night,” said Yi-hyeok’s wife, Yu-mi, “we crossed from a sea of darkness to a sea of freedom.”

As Reagan said at Bitburg:

Twenty-two years ago President John F. Kennedy went to the Berlin Wall and proclaimed that he, too, was a Berliner. Well, today freedom-loving people around the world must say: I am a Berliner. I am a Jew in a world still threatened by anti-Semitism. I am an Afghan, and I am a prisoner of the Gulag. I am a refugee in a crowded boat foundering off the coast of Vietnam. I am a Laotian, a Cambodian, a Cuban, and a Miskito Indian in Nicaragua. I, too, am a potential victim of totalitarianism.

The one lesson of World War II, the one lesson of nazism, is that freedom must always be stronger than totalitarianism and that good must always be stronger than evil. The moral measure of our two nations will be found in the resolve we show to preserve liberty, to protect life, and to honor and cherish all God’s children.