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Trump ways he wants to spend half a trillion more dollars on military spending, even as federal spending persists at Biden-Era levels and interest on the debt climbs ever upward.
Original article: https://mises.org/mises-wire/trump-wants-500-billion-more-pentagon-deficits-mount
What began two weeks ago as a demonstration against an economic crisis has become a broader antigovernment movement, in cities and towns across Iran.
Iran’s authoritarian government has responded with violent repression. More than 2,500 people have been killed, according to the U.S.-based Human Rights Activists News Agency. NPR has not been able to independently verify that number.
Many who watch Iran now believe the current round of protests feels different.
We hear from the Washington Post’s Jason Rezaian, who was imprisoned by the Iranian government while serving as a foreign correspondent for the newspaper. His op-ed this week is titled: “I’ve waited for this electrifying moment in Iran for 10 years.”
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The unemployment rate in December among people aged 20 to 24 was 8.2%. That’s up nearly a full percentage point from 2024, and much higher than the overall unemployment rate of 4.4%. The job market is tough, and getting tougher, but why is it particularly hard for Gen Z? Also in this episode: Trump’s focus on Venezuelan crude could redirect Canadian oil, companies use surveillance data for “personalized” pricing, and China’s trade surplus grew by 20% last year, in spite of U.S. tariffs.
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Ravi opens by running through a turbulent week: the Minnesota ICE shooting, concerns about escalating federal power, and the DOJ’s reported probe into Fed Chair Jerome Powell’s independence, alongside global flash points like Iran and a U.S. electorate that’s increasingly independent. With institutions under strain and norms being tested in real time, he then turns to the ideas shaping this moment. That sets the stage for his conversation with political philosopher Laura K. Field, author of Furious Minds, on the thinkers and factions behind the MAGA New Right—and why understanding them now matters more than ever.
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Today on The Gist, a look at Donald Trump's plan to cap credit card interest rates at 10%—a populist move that might actually rob the poor to pay for the rich man's travel perks. Then, former CIA analyst and The Rest Is Classified co-host David McCloskey discusses his new novel, The Persian. He explains how real-world Mossad operations inside Iran are so "insane" they don't even need to be exaggerated for fiction, from remote-controlled machine guns to the devastating pager attack that crippled Hezbollah's command and control. He also breaks down the "unlikely but plausible" tradecraft used in the Israel-Iran shadow war and why the U.S. organizational and legal structure wouldn't—or couldn't—pull off the same stunts.
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No agreement after high-level meeting with U.S., Danish and Greenlandic officials as President Trump doubles down on desire to acquire the island territory. President Trump says he's been told the killings of protesters in Iran have stopped. Gaza peace plan enters second phase.
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The foreign ministers of Denmark and Greenland say there's still a fundamental disagreement with the United States over Greenland, after high- level talks in Washington they described as frank but constructive. Denmark's Lars Løkke Rasmussen said it was absolutely not necessary for the US to seize Greenland. He also insisted that there was no immediate threat from China or Russia. President Trump earlier said the US needed the autonomous Danish territory for national security and anything less than complete US control was 'unacceptable'. The Trump administration has not ruled out taking Greenland by force.
Also in the programme: how Ukrainians are coping with repeated Russian assaults on energy infrastructure; and music from the Indian composer known as the Mozart of Madras.
(Photo: A ship sails outside Nuuk's harbour, Greenland, January 13, 2026. Credit: Reuters/Marko Djurica)