“...I always hated work…”—John Law

Following President Trump’s address to the nation on Wednesday about the Iran War, stock markets suffered losses while oil prices rose. The decline in stocks and increase in oil prices reflected disappointment over President Trump’s failure to articulate a plan to end the Iran War and the related restraint of shipping through of the Strait of Hormuz.

I have been dismayed by libertarians arguing for immigration as a human right. The saying, “No human is illegal” has a warm feeling to it. But the rights claim conflicts with the property rights of others. Here’s my hypothetical. Suppose one of America’s large, privately-owned ranches became an independent country. As part of the United States, the owner clearly possesses the right to exclude others; persons entering without permission would be trespassing. How can gaining sovereignty take this property right away from the owner?

In their book Who Killed the Constitution, Thomas E. Woods and Kevin C.R. Gutzman argue that the demise of constitutionalism—the principle of limited government—is by no means a recent development. It can be traced back several decades, “close to a century.” It is not the work of just one political party or another, but an assault from multiple sources:

In entrepreneurship theory (and practice), uncertainty is usually treated as a backdrop—something founders must act within. But entrepreneurs rarely operate alone. They must enroll others, especially financial backers, into their projects. This simple observation shifts the analytical focus from decision-making under uncertainty to agreement under uncertainty.

The country that is losing generally does not reject ceasefire proposals. Meanwhile, Iran demands an end to the Israeli war on civilians in Lebanon, etc.