“I hate to be giving the Trump administration excuses for a weak economy, but I do feel an obligation to call the data as I see it and not make it up for political convenience. And the excuse actually does not buy them much anyhow. The seemingly simple point is that we might well have gotten a weaker than expected jobs report in February because of weather-related factors. It wasn’t that February weather was especially bad. We did get some snowstorms in late January and February, but that is what happens in winter. Since our data are all seasonally adjusted, the question would be if February’s weather (before the reference date – February 12th) was worse than an ordinary February. My guess is probably not. But January’s weather was likely better than a normal January.” (03/10/26)
“In a recent edition of this newsletter, I argued that the war with Iran is unconstitutional because President Donald Trump took the United States to war without first obtaining a congressional declaration of war as required by the U.S. Constitution. In response, a reader we’ll call ‘John A.’ wrote in to say the following: ‘Unconstitutional perhaps, but enforcement is political, not judicial.’ As a practical matter, ‘John A.’ is probably right. Despite the fact that the Constitution vests the power ‘to declare War’ exclusively in the hands of Congress via Article I, Section 8, the U.S. Supreme Court has proven itself unwilling over the past half-century or so to hear cases challenging the usurpation of that congressional power by the executive.” (03/10/26)
“Amid the so-called ‘ceasefire’, as imperial grifters and disaster capitalists jockey to remake Gaza in their image and in accordance with their own interests, the genocide has not abated. In its current phase, while the killing continues daily, its defining feature is the deliberate infliction of conditions of life calculated to bring about the destruction of Palestinians in Gaza, in whole or in part. From the outset, Israel has pursued this objective through a policy of urbicide: the systematic annihilation of Gaza City, Khan Younis, Rafah, Jabaliya, Beit Hanoun, Beit Lahiya, and Deir al-Balah. Palestinians remain steadfast in their refusal to be erased. Yet Israel’s assault has rendered Gaza nearly uninhabitable. This devastation cannot be easily dismissed with antiseptic euphemisms such as ‘collateral damage’, a term long employed to sanitize the mass slaughter of civilians. Intent can be inferred from actions, and policy from sustained patterns of conduct.” (03/10/26)
Source: Foundation for Economic Education
by Lawrence W Reed
“Two hundred and fifty years ago this month, the Scottish philosopher and economist Adam Smith’s monumental work, An Inquiry Into the Nature and Causes of the Wealth of Nations, was published. Its lasting impact means that it belongs on any list of the 100 most influential books ever written. Great teachers produce great students. Smith produced too many to count, but one in particular stands out as extraordinary for his eloquence, his storytelling, and his passion for freedom and free markets. That would be Frédéric Bastiat, best known for his last of many books, The Law.” (03/10/26)
“It is near impossible to make sense – at least from the justifications on offer – of what US President Donald Trump really hopes to achieve with his and Israel‘s blatantly illegal war of aggression on Iran. … There is no clear rationale from Washington because the author of this attack is not to be found in either the White House or the Pentagon. This plan was cooked up in Tel Aviv decades ago.” (03/10/26)
“Before Operation Epic Fury began, the Trump administration spent very little energy trying to justify the looming war with Iran. The few defenses they did offer were banal platitudes, just echoes of the case for the Iraq War from more than twenty years ago: that Iran was weeks away from obtaining a nuclear device, that their ballistic missile program posed a significant threat to American assets and allies in the region, and that the Iranian people deserved liberation via regime change. But not long after the bombing began, a new (admittedly more creative) justification emerged online and in the pro-Israel media that war supporters assume will be more persuasive to those doubting the wisdom of yet another Middle East conflict. The war with Iran, we are now told by many, is not really about Iran at all. It is, instead, all about China.” (03/09/26)
“California Gov. Gavin Newsom has declared war on kratom, an unregulated herbal medicine that comes from the leaves of the mitragyna plant in Southeast Asia. In a Facebook post last week, the governor boasted that state agents have removed over 3,300 kratom and related 7-OH products from the shelves of licensed businesses in California in just three weeks. This is in response to growing numbers of kratom-related deaths. Newsom points out that from 2020-22, 242 deaths in the state have been linked to kratom, with 27 due to kratom alone. Now that many kratom products have been stripped from the shelves of California gas stations and convenience stores, problem solved, right? WRONG. Unfortunately, Newsom’s response only scratches the surface of the problem.” [editor’s note: The “problem” is the idea that Newsom, Siegel, or anyone else should get to decide what other people eat, drink, smoke, snort, inject, etc. – TL] (03/09/26)
