Month: July 2026

The Bear’s Lair: Lawyers Subtract Economic Value

The Trump administration’s policies must run a gauntlet of lunatic left-wing judges before they can be implemented. Infrastructure of every type in the U.S. faces huge additional costs, with its real cost ten times what it was a century ago and three times that of similar infrastructure elsewhere. Mergers can be delayed for years, to […]

The Bear’s Lair: Global Policing Fees Make Sense

President Trump’s announcement that the U.S. would impose tolls on the Straits of Hormuz shocked the usual suspects but makes perfect sense (I hope he re-reverses his subsequent reversal). U.S. taxpayers have been billed for three idiotic Middle East wars in the past 25 years, and this one is only prolonged because of the Straits’ […]

The Bear’s Lair: Time for Latin American Capitalism

The election of non-Marxist Presidents in Peru and Colombia (provided they are allowed to take office) reinforces a remarkably upbeat series of election results in Latin America. Cumulatively, those results give the whole continent a new hope of success, alas with the notable exceptions of Mexico and Brazil, still mired in hard-leftism. The question I […]

The Bear’s Lair: How to stabilize the political system

The Socialist/Communist advance in last week’s New York primary elections confirms that the U.S. political system is systematically rigged against good policy and sound economics. Two reforms are needed: a property franchise, to ensure that those without a stake in the economy cannot vote themselves handouts, and an end to the tax benefits for charities […]