[TTP:  The news is out that President Trump’s VP pick is J.D. Vance (see Monica Showalter’s article in American Thinker) but this writer has some very important points to make about the Veep position regarding the future.]

President Trump will be announcing his running mate within the next few days, and opinions are flying about the qualities he should seek in his next vice president.

Experience, state of origin, race, sex, loyalty, and past comments regarding President Trump are all factors voters are focusing on when deciding their preferred candidate to round out the Republican ticket.

The common goal is to draw turnout from as many typically non-Republican voting demographics as possible. However, the most consistent theme is that many seem to believe that Trump needs to pick someone who can be his successor.

This belief may be based in ignorance.

A prominent topic that economics students anywhere cannot avoid is market failure.

Students everywhere are taught that the free market is inherently unstable and causes problems that can only be fixed through legislation and regulation.

As a result, most of those who take an economics class come out of it believing that the state helps counter the shortcomings of the free market.

However, the concept of market failure is fallacious as it is based upon faulty economic reasoning.

Belief in market failure is often complementary with seeking to promote politically desirable goals rather than to promote economic growth.

First, a free market operates on freedom of association and property rights. Therefore, for any transaction or exchange to be conducted on a free market, it must be voluntary.

Further, if both parties agree on an exchange, then both parties must assume that the exchange is beneficial to themselves.

Whenever consumers buy a product, they value the product more than the money they pay for it. Similarly, the store sells them the product since it values the money earned more than the loss of the product that they sell to consumers.

It may be the case that one party is mistaken and ends up not preferring the exchange retroactively, but this is not a determining factor in the choice to transact.

Through this process, value is created through free markets. As people are free to interact and exchange, they make mutually beneficial trades that benefit both parties.

Executive Summary:

• Moscow’s forces in Ukraine face increasing problems with the military, both at the front and at home. These issues are bound to affect Russia’s ability to fight in the coming months.
• At the front, Russian commanders are dealing with fragging, desertions, and corruption. At home, Moscow has been compelled to offer larger bonuses to recruit more men and has even asked Russians to turn in their privately owned guns.
• Public hostility is growing toward veterans of the war, who are committing violent crimes upon their return. These are precisely the people Putin says will become Russia’s new elite.

For quite a considerable amount of time, the topics of job creation and unemployment have been central to every political campaign in almost every country.

It hasn’t been without good reason, either, since job security is one of the most important factors in a person’s career. Therefore, a candidate who can promise to create more jobs and sustain job growth would appear on paper to be the better candidate.

However, there are few policies that promote greater havoc than job-creation programs. This should not be a surprise since the state is ultimately not responsible for financing jobs, so it need not worry about profit or loss.

Politicians are inclined to include job-creation programs in their promises because they are often popular with voters.

After all, if there are more jobs in the economy, unemployment will be lower, and there is a greater likelihood that workers in the country will not fall on hard times.

Since nearly every household has a member of their family who works, job-creation programs have nearly universal appeal.

If a politician can position themselves as a job creator, they garner a massive boost toward their odds of being elected.

Thus, they all aim to one-up each other with what they promise to voters. Unfortunately, in this case, competition does not lead to better results.

Many people who know anything about the Bureau of Alcohol, Tobacco, Firearms, and Explosives (BATFE, or ATF for short) will know they started off as a “harmless” tax collecting agency that eventually turned into a law enforcement agency in its own right.

In other words, they evolved from a bunch of glorified robbers with mechanical calculators and spreadsheets into a gang of violent thugs with guns and badges.

This transformation became obvious to the world in the famous Ruby Ridge (1992) and Waco (1993) incidents, both having had heavy ATF involvement and with the latter event culminating in an open massacre of the Branch Davidians that included women and children.

Later as they have cooled their trigger fingers, the ATF’s side gig of deliberately allowing guns to flow into Mexico for “tracking purposes” was exposed in the Fast and Furious scandal after two of these guns turned up near the scene of the killing of Brian Terry, a border patrol officer, in 2010 (a whole of lot of good this “tracking” did).

In more recent years, ATF’s favorite pastime has been to send several car-loads worth of thugs LARPing with full tactical gear to raid and intimidate American licensed gun dealers for supposed infractions of federal firearms laws and confiscate their property.

Is Great Britain once again going in the opposite direction of the European Union?

Right-wing parties swept EU elections last month, but the British Tories are out.

After 14 years at the helm, Britain’s Conservative Party lost in a landslide as the left-wing Labour Party cleaned up, seizing at least 410 of the 650 seats in the House of Commons.

It was a bruising defeat for the Tories, as their former majority has been reduced to just 121 seats. But it wasn’t entirely unexpected.

Furthermore, Labour’s victory wasn’t so much a mandate as it was a repudiation of the Tories and their recent lackluster leadership amid a slowing economy still trying to recover from the COVID pandemic.

Now, Labour will take up the reins, with its leader, Keir Starmer, becoming the country’s new prime minister.

Chief among their challenges will be turning around a struggling economy without further ballooning an already high national debt.

Furthermore, Labour’s win is not as big as it appears.