Analyzing the ancient roots of cryptanalysis, the national debt, and Trudeau's mess

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October 23, 2024

Welcome to The Lighthouse ([link removed]) , the weekly email newsletter of the Independent Institute covering politics, economics, current events, and everything in between.

Dear Readers,

On Monday, we celebrated the third annual Encryption Day, which falls on October 21st. This “holiday” is an opportunity to raise awareness about the importance of technologies that protect communications and sensitive information, as well as the potential risks of weakening such technologies.

Although Encryption Day is a recent addition to the calendar, big government’s attempts to surveil private communication has a long, long history. That history even goes back to … Mary Queen of Scots?

Indeed, Mary Queen of Scots. I explain further in this week’s article. Additionally this week, Craig Eyermann discusses the troubling effects of America’s national debt for the U.S. economy. Francis Crescia highlights the growing discontent in Canada, citing a sluggish economy, rising crime, and increasing debt. President Graham Walker and Senior Fellow Williamson Evers discuss AI deepfakes, hurricanes, port strikes, and hate speech in the latest Independent Outlook.

Thanks for reading.

Jonathan Hofer
Managing Editor

Top picks this week
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** Encryption Day: The Role of Mary Queen of Scots in the Evolution of Cryptanalysis ([link removed])
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** by Jonathan Hofer
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What does Mary Queen of Scots Cipher have to do with the modern surveillance state? Actually, a lot.
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** Exploding Interest on the National Debt ([link removed])
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** by Craig Eyermann
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It’s almost impossible to understate how fast the amount of interest the U.S. government pays on its accumulated national debt is growing.
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** Gloves Off: Justin Trudeau’s Fight to Stay in Power ([link removed])
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** by Francis Crescia
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Trudeau sees himself as the comeback kid, a fighter who can beat the odds, and he refuses to accept that there is widespread dissatisfaction with his government … which is awkward, since Canadians are VERY dissatisfied.
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** Free Speech / Free Prices: Deepfakes, Hurricanes, Port Strikes, Hate Speech ([link removed])
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In the wake of hurricanes, we need to ask an uncomfortable question: has federal flood insurance policy made the damage more extensive? The East Coast port workers strike is temporarily settled, but the effort to kill port automation is still on the table; does automation kill jobs? California and Minnesota are outlawing political AI deepfakes. Is this a victory against hate and disinformation? And what about California’s new law banning legacy admission at even private colleges? Tune in to this episode of Independent Outlook!
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** FEATURED BOOK
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** Good as Gold ([link removed])
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** How to Unleash the Power of Sound Money ([link removed])
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** Judy Shelton
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With clarity and moral courage, Judy Shelton has written a must-read for anyone invested in the future of the economy. You’ll walk away with more answers than questions—a rare experience for anyone who reads about monetary policy.
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