We like to think of the “deep state” as a conspiratorial entity. In reality, the term describes much of what the federal government does in broad daylight.
Abraham Lincoln is best known for his role as a wartime president, but his economic policies were a precursor to the New Deal. From railroad subsidies to a national banking system, Lincoln paved the way to the Progressive Era and beyond.
EU Central Bank President Christine Lagarde has declared that anything that might lead to private currencies must be stopped. Yet, as F.A. Hayek noted, one way to confound central banks is through private currencies.
Cato's Clark Neily and Mike Fox give the most recent SCOTUS term a B- grade on criminal law. While they celebrate some unanimous victories like Barnes v. Felix (requiring courts to consider totality of circumstances in police use-of-force cases) and Martin v. United States (allowing federal tort claims against law enforcement), they express frustration with the Court's repeated refusal to hear cases involving the "petty offense doctrine," appellate waivers in plea bargains, and felon-in-possession gun laws—all issues with clear circuit splits that affect large numbers of people.
The episode concludes with a celebration of Fox's efforts that led to presidential pardons for John Moore and Tanner Mansell, achieving justice where the courts failed.
America recently celebrated Independence Day, but Americans were too quick to abandon their own individual freedoms and individual sovereignty and submit to the state.
The Senate on Tuesday confirmed Emil Bove as a federal appeals court judge, a lifetime appointment to a perch one rung below the U.S. Supreme Court. Bove, who served as President Donald Trump’s personal attorney, ascended to the top ranks of the Justice Department when Trump returned to office in January. Ahead of his Senate confirmation, he became the subject of multiple whistleblower complaints, with some alleging Bove told DOJ subordinates they may need to ignore court orders to enact Trump’s agenda (Bove denies the allegations). Former FBI Deputy Director Andrew McCabe joins us to talk about what Bove’s confirmation signals to the rank and file at the DOJ. He also weighs in on what’s happening at his former agency right now and — maybe more importantly — what’s not happening.
And in headlines: President Donald Trump announced a new 25 percent tariff on India ahead of his Aug. 1 deals deadline, former Vice President President Kamala Harris announced she won’t run for governor of California next year, and the Federal Reserve kept interest rates unchanged for a fifth time this year.
The Fed is on the hook for an estimated one-and-a-half trillion dollars. Despite the recent headlines, that's not because of building renovations. It's a much larger cost blowout caused by big actions taken during the pandemic to help the economy: quantitative easing.
Today on the show, we talk to both a critic of these actions and someone who helped put those those actions in play.
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Podcast production by Ethan Oberman, Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther.
The Trump administration has withdrawn its promised $4 billion for the California Bullet Train project because this project does not have a viable future. While they may complete the 171-mile Central Valley portion, the rest of the project is dead in the water.