‘Coalition of the Willing’ Meets as Ukraine War Begins Fifth Year

Why Stable Systems Fail: The Illusion Of Institutional Control Authored by Luc Lelièvre via The Mises Institute, There is a persistent belief in modern political life that systems fail because they become fragile. Institutions, it is assumed, weaken under pressure and eventually break down. This intuition is not just incomplete—it is backward. Systems do not fail when they become fragile; they become fragile because they have already lost contact with the realities they claim to govern. What appears as stability is not strength, but the final illusion of a structure that can...

A Kid Just 3D-Printed A $97 MANPAD Rocket Launcher A viral video circulating on X appears to show a young developer unveiling a 3D-printed proof-of-concept prototype of a shoulder-fired surface-to-air missile system, or MANPADS, built for less than $100. According to the project page on GitHub, the five-minute video showcases a "proof-of-concept prototype of a low-cost rocket launcher and guided rocket system built using consumer electronics and 3D-printed components." The project description says the system uses an onboard flight computer, inertial measurement hardware, and a sensor stack that includes GPS, compass,...

S&P500 Futs Jump, Bonds Rally, Oil Tanks On Axios Report U.S.-Iran Nearing Deal Axios reports that the White House is nearing a preliminary deal with Iran to end the war. This is based on a 14-point, one-page memorandum that creates a 30-day negotiating window for a broader nuclear and Strait of Hormuz deal. News of this sparked risk on in U.S. equity index futures, WTI fell to the $95-a-barrel handle, and U.S. Treasury yields dipped. "The U.S. expects Iranian responses on several key points in the next 48 hours. Nothing has...