Andrew Ross Sorkin on the Crash of 1929 & The Parallels We See Today | The Real Eisman Playbook

So before regulation, the great tycoons of the era just acted like greedy unethical thieves in financial markets?

https://www.youtube.com/watch?v=Yp6EggtUBYI

D.C.’s Statue of a Confederate General Isn’t What Its Critics Think It Is

“Pike’s bronze likeness was not donated by a Southern historical society or heritage league, nor funded by a Jim Crow–era government. It was privately commissioned by the Scottish Rite of Freemasonry of Washington, D.C., as part of a fundraising effort that began in the 1890s—years before the wave of Confederate monument construction. The statue honors Pike not for his service to the Confederacy but for his postwar work as a legal scholar, philanthropist, and advocate for the rights of indigenous tribes. This is emphasized by depicting him in civilian garb and holding a book rather than wearing his dress blues and brandishing a rifle.”

https://reason.com/2026/02/22/why-did-d-c-reinstall-a-confederate-statue/

Police Drug Tests Are Notoriously Unreliable. They Got This Man Wrongly Charged With Trafficking Fentanyl.

“The well-documented problem with these kits is that the compounds they test for are not exclusive to illicit drugs and are, in fact, found in dozens of legal substances. That is to say, they’re better at telling if something isn’t a drug than if it is one. This is why they’re used in laboratory settings as preliminary screeners. But in the criminal justice system, they’re considered probable cause to make an arrest.

As a result, many people have been arrested for absurd items. Over the years, officers have jailed innocent people after drug field kits returned “presumptive positive” results on bird poop, donut glaze, cotton candy, and sand from inside a stress ball.

Despite appearing easy to use, the tests can still be performed incorrectly or produce muddy results, which leaves suspects’ fates to the subjective opinions of police officers.”

https://reason.com/2026/02/23/he-was-jailed-for-fentanyl-it-was-really-his-legal-prescription-meds/

Trump’s Tantrum Over the Tariff Decision Highlights His Narcissistic Authoritarianism

“Trump appointees who defy the president’s will are showing the courage of their convictions, applying the law as they understand it rather than reflexively deferring to the politician who gave them their jobs. But Trump, who takes it for granted that justices vote the way they do for political reasons, neither understands nor appreciates judicial independence.”

https://reason.com/2026/02/23/trumps-tantrum-over-the-tariff-decision-highlights-his-narcissistic-authoritarianism/

Trump’s New Tariffs Are Probably Illegal Too

“These new tariffs are likely unlawful too.
Indeed, Trump’s own attorneys even admitted as much during the legal battle over the original tariffs.

Trump is leaning on Section 122 of the Trade Act of 1974

Section 122 allows presidents to impose tariffs of up to 15 percent for up to 150 days to “deal with large and serious United States balance-of-payments deficits.”

What’s that? The Trump administration wants to pretend—or perhaps wrongly believes—that it’s the same thing as a trade deficit. It’s not.

A balance-of-payments deficit is an archaic problem that existed before the introduction of floating exchange rates for foreign currencies. Changes made to the international monetary system in the 1970s—changes that Milton Friedman advocated, it’s worth noting—eliminated the circumstances that could lead to a balance-of-payments deficit.

“The United States does not have an international payments problem, fundamental or otherwise, and has not had one since we adopted a floating exchange rate more than five decades ago,” explains Bryan Riley, director of the Free Trade Initiative at the National Taxpayers Union. “Therefore, Section 122 does not give President Trump the legal authority to impose tariffs.”

Just like with the IEEPA tariffs, Trump’s use of Section 122 ignores the plain language of the law and invokes a broad executive power where Congress clearly provided a narrow one.”

https://reason.com/2026/02/23/trumps-new-tariffs-are-probably-illegal-too/

Explaining the rise of Trump and right wing populists in Europe

“Economics creates the conditions — insecurity, a sense of decline, distrust of elites. But immigration (framed as cultural threat, not just economic competition) is what converts that grievance into a right-wing populist vote. The slogan “It’s the economy, stupid” famously explained Bill Clinton’s 1992 win. For right-wing populism, researchers are now saying almost the opposite: it’s the culture, not just the economy.”

https://open.substack.com/pub/lonecandle/p/explaining-the-rise-of-trump-and?r=1o36hf&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true

Hillary Clinton Accuses GOP of Trump COVER-UP in Epstein Case

There’s not good enough reason to believe Hillary Clinton had anything to do with Epstein’s crimes to force her to come to Congress. Melania Trump had more connections with Epstein than she did. And obviously, Donald Trump had a lot of connections with him! This is an abuse of power by the Republicans in Congress.

https://www.youtube.com/watch?v=b6IH_kF0HZU

The Flaws of ‘Funded’ Inclusionary Zoning

“Beginning in 2017, the city began enforcing a requirement that new apartments of 20 units or more include “affordable” housing units, which are rented at money-losing, below-market rates to lower-income tenants.

The results were predictable. Developers shrank the size of projects to avoid having to comply with the costly mandates. Overall, permitting fell.

It’s certainly true that “funding” inclusionary zoning to offset developers’ losses helps to mitigate the negative impact the policy has on new supply. It would also go a long way toward making inclusionary zoning constitutional. (Critics periodically argue in lawsuits that unfunded inclusionary zoning is an unconstitutional, uncompensated taking.)

Even so, there are still many problems with “funded” inclusionary zoning that make it an inferior policy to simply having no inclusionary zoning at all.

For starters, funded inclusionary zoning does not remove a regressive tax on housing. The tax, in the form of the mandated affordable units, is still in effect. It is just offset by a countervailing subsidy intended to prevent housing production from falling.

Funded inclusionary zoning thus still has a suppressive effect on overall housing supply that must be mitigated with government subsidies/tax breaks.

Instead of spending tax dollars on schools, police, or lowering tax rates, city hall must spend that money just to keep housing production flat. The tradeoff of funded inclusionary zoning then is no new housing and fewer public services (or higher taxes).

That YIMBY worldview would therefore seem to suggest that housing subsidy dollars should be spent expanding supply even more, not zeroing out the effects of supply-killing affordable housing mandates.

If a city has a housing shortage, boosting housing production, and not tinkering with the mix of incomes in new buildings, would seem to be the priority.”

https://reason.com/2026/02/24/the-flaws-of-funded-inclusionary-zoning/

ICE Whistleblower Says Training Is ‘Deficient, Defective, and Broken’

“an attorney and former Immigration and Customs Enforcement (ICE) instructor, Ryan Schwank, testified before Congress that the agency’s new training program is “deficient, defective, and broken,” leading to constitutional violations and unlawful arrests. “Deficient training,” Schwank added, “can and will get people killed.””

https://reason.com/2026/02/24/ice-whistleblower-says-training-is-deficient-defective-and-broken/