It is definitively the market—and only the market—that determines who owns what. For example, when buying a car, the seller hands it over in exchange for money. Thus, through these peaceful and voluntary transactions, true and sole ownership is defined. If, for instance, the seller fails to deliver the car, the buyer will present the contract to a judge (ideally a private mediator) and demonstrate that he fulfilled his part of the agreement.
The court historians, who insist that they have the only “correct” view of history, like to claim that theirs is the only true version of history because it is based on primary sources. But they fail to distinguish between what the primary sources state, and their own interpretation of the significance to be attached to those sources. Moreover, their selection of which historical sources are to be given paramount importance, and which may safely be ignored, is often selected to fit within their own preferred theory.
For those of us who have lived through past recessions, this latest development comes as no surprise: as the US economy worsens, we’re now being told that consumers are hurting the economy because they are saving too much money.
Apparently unaware of where price inflation comes from, Bessent says you can beat inflation by moving from a “blue state” to a “red state.”
The data the Fed does have is presenting a picture of an uneven and wobbly economy. Job growth beat expectations last month but has cratered overall in 2025.
Huckabee lobbied for Pollard’s release from prison, arguing that it’s no big deal to spy for Israel which is supposedly “an ally.”
The investor who shot to fame for calling the housing crash before 2008, has launched a Substack aiming to lay out in detail his bearish thesis on artificial intelligence.
He was elected to pursue peace, but Trump’s extra-judicial killings of unknown persons in the Caribbean are part of a new quasi-war against so-called “narco-terrorists.”
Many years ago, when I was practicing law in Texas, I learned that there were, generally speaking, two types of lawyers when it came to being asked for a legal opinion by a client who wished to pursue a certain course of action.
The first type of lawyer would carefully research the issue and give his honest, independent-minded opinion as to the legality of the proposed action, even if it wasn’t what the client wanted to hear. That type of lawyer had integrity and would not compromise his legal judgment, even if it angered — and risked the loss of — his client.
On October 1, the federal government shut down—halting non-essential services after the failure of Republicans and Democrats to pass an appropriations bill. Even after becoming the longest government shutdown in American history, the end was nowhere in sight. It may seem that both parties would want to avoid shutdowns, especially ones lasting that long, to accomplish at least some elements of their agendas rather than waste weeks of a legislative session.
