President Trump is waging or threatening to wage several presidential wars, ostensibly violating the Constitution, which specifies that only Congress, not the president, has the power to declare war, but the president controls the armed forces.

The president is waging war or threatening to wage war “without the authority of a Congressional war declaration,” says Senator Rand Paul (R-Kentucky). “This is an act of war,” Rand recently said in discussing the US invasion of Venezuela. The same arguments are now made as the US wars on Iran.

Israel’s nuclear weapons program, estimated at over 90 warheads, was secretly developed with financial and diplomatic support from the West.

I first heard of Roger Garrison from Murray Rothbard. In 1973, at a social gathering of a few younger Austrian scholars and grad students in New York City, Rothbard excitedly recounted to the group the contents of a brilliant term paper he had just read involving a graphical comparison of Austrian and Keynesian macroeconomics. The paper was titled “Austrian Macroeconomics: A Diagrammatical Exposition” and its author was Roger Garrison, then an MA student. A week or two later, I received a copy of the paper in the mail.

Entrepreneurship Beyond Politics, held in Oklahoma City in February, was the first Mises Circle of 2026. Thanks to the generous support of Michael and Beverley Starkey and Gil Robinson, attendees heard a series of talks centered on an increasingly urgent question: If politics cannot fix our broken system, what can?

The Misesian: On February 28, the United States declared war on Iran with Operation Epic Fury. How should Americans view this new conflict within the context of the global war on terror and the broader history of American military intervention?

Brandan Buck: In the past, you always had at least some sort of tenuous reading on an existing authorization for use of military force, like in the global war on terror. Those are often laughable, legally speaking, and often not very sound, but they were there.

Politics Without Politicians: The Case for Citizen Rule
Hélène Landemore
Thesis, 2026; 309 pp.

One way to grasp the essence of Politics Without Politicians is to view it as the polar opposite to Hans-Hermann Hoppe’s Democracy: The God That Failed. Hoppe thinks that democracy is a mistake: Hélène Landemore, a professor of political science at Yale University, thinks we do not have enough of it. What we call democracy today in her view rests on an elitist premise.

This article is adapted from a talk presented at the Entrepreneurship Beyond Politics Mises Circle on February 21, 2026, in Oklahoma City.

The title of my talk is “How to Change the World: Entrepreneurship Versus Politics.” But we could probably drop the politics part altogether—and that is what I intend to argue. “How to Change the World: Entrepreneurship” is enough, because politics is largely impotent as a tool for change, at least for those of us who are libertarians.

“...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.