“Why declare that things shall not be done which there is no power to do?”—Alexander Hamilton, Federalist No. 84, writing on his opposition to the inclusion of a Bill of Rights in the Constitution

“The Bill of Rights would never have been necessary . . . if so much power had not been granted to the central government by the constitution of 1787 in the first place.”—Ryan McMaken

Native Americans live amid vast natural wealth, yet their communities are among the poorest in the United States. This paradox is not the result of a lack of ambition or ability, but a consequence of decades of federal policies that treat native peoples, not as equal citizens, but as wards of the state. The paternalism embedded in the federal trust doctrine has crippled economic development, discouraged investment, and stifled individual initiative.

Gerrymandering is a slithering political serpent haunting today’s politics. Its twisted specter, when overlaid on a map, is asserted as proof that our representative democracy is failing. However, the image of the beast is not a definitive sign of a failure; rather, it serves as an indictment of the concept of representative democracy—a true contradiction in terms.

In a recent New York Times column, David French in one of his usual anti-Trump screeds, created a hagiographic picture of the presidency of George W. Bush, comparing him to Donald Trump’s current term of office. Wrote French:

Wall Street cheered Fed Chair Jay Powell’s annual Jackson Hole speech on Friday with a stock market rally that erased the losses seen earlier in the week. Wall Street interpreted his speech as signaling that the Fed will shift to a more “dovish” stance and likely cut rates at their September 17 meeting.

Did that really happen? Did Powell really cave in to Trump’s incessant demands for more money printing?

Let’s see what this economic central planner actually said.

The bid-ask spread in the housing market persists. Over the last several years, home sellers have become accustomed to double-digit percentage price increases annually, going under contract within a week, and—very often—fielding competing offers above list price.