Dr. Robert P. Murphy is a senior fellow at the Mises Institute and a professor of economics at Texas Tech University. 71 Republic’s Mason Mohon sat down with Dr. Murphy to discuss economics and anarcho-capitalism. You can find Dr. Murphy on Twitter @BobMurphyEcon.
At 6 AM on July 4, 2019, the Washington Post published an Op-Ed by Representative Justin Amash of Michigans 3rd Congressional District in which he announced his departure from the Republican Party.
After the mid-1800s, oil and its byproducts became a virtual necessity for manufacturing and transportation. American and foreign oil industries have caused wars, economic depression, and environmental disaster. The top four richest companies on the planet are either oil or car companies. In fact, oil and gas alone (not including their various byproducts) comprise around two to three percent of the world economy. It’s involved in most of the manufacturing of other goods, such as plastics, metals, transportation, and other machinery. This is on a worldwide scale, with most oil and natural gas coming from undeveloped nations. But in the first world, our economies are about split between oil money and “babysitting money”.
Under Article V of the Constitution, the states have the power to call a Constitutional Convention to amend the Constitution. Two-thirds of state legislatures (34) must pass statements in support of a Constitutional Convention for the convention to be called. In the past, all Constitutional Conventions have been called for with one amendment in mind. Currently, the Convention of States Action Program is taking petitions to give to state legislatures to show public support for a Constitutional Convention, but no specific amendments are named. The movement wants the legislatures to create and draft these new amendments, with the only caveat being that they must limit the federal government’s power. The federal government will have no power over the convention, nor will it have any vote or say in the amendments up for debate. This allows the representatives that are closest to the people to propose amendments that are truly supported by the people.
President Trump has decided to raise tariffs on China from 10% to 25%, effectively declaring a trade war, and took to Twitter to justify his decision.