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1) Reagan and Trump: The Deregulators in Chief

Richard Salsman, who writes the Capitalist Advisor newsletter, has chronicled what he calls "the rampant growth of regulation" over the past hundred years.  

The chart below shows the explosion of what has become a $2.5 trillion annual tax on our private economy. Every president since the late 1960s has enacted major new regulatory costs with the exception of Reagan and Trump.

The decades when new regulatory agencies  were added were the 1930s and the 1970s. What a shock that those were the decades with the most economic turmoil.

Trump's pace of deregulation so far in the first six months of his second term could surpass Reagan's record. The recent repeal of the absurd greenhouse gas endangerment finding that labeled CO2 a pollutant, could alone erase hundreds of billions in unnecessary costs.  

2) Radical Climate Change Agenda Loses Again

Speaking of climate change regulatory costs, good news from the courts in Charleston, SC. Environmentalists had filed sham lawsuits suing oil and gas companies for ignoring the impact of fossil fuels on the atmosphere. Dozens of similar lawsuits have been launched across the country.

But this week, the greens struck out in South Carolina court, as The New York Times headline shouts out:

Roughly three dozen similar [climate] cases have been filed across the country since 2017, mostly by Democratic-led states, cities and municipalities...

Charleston was an early test of the Trump administration's possible impact on these lawsuits. In April, President Trump issued an executive order calling the legal complaints a threat to national security, saying they could lead to crippling damages...

In Charleston, Judge Young echoed decisions in favor of the defendants in other cases, writing that the lawsuits would create a "chaotic web of conflicting legal obligations" for companies as municipalities imposed de facto regulations on fossil fuels.

The climate-industrial complex is losing in the elections, the courts and in the court of public opinion. Americans want affordable and reliable energy and that mostly comes from hydrocarbon fuels - not windmills.

3) Government Cost Overruns Are "Off the Rails"

Congratulations to Senate DOGE Caucus Chair Joni Ernst for her new "Off the Rails" report, listing the most egregious cost overruns on government projects.

Leading the list is the California high speed rail project that we at Unleash Prosperity exposed as a financial fraud. Interesting that many mass transit scams made the list, including the BART transit system in San Francisco, which is supposedly one of the more efficient mass transit programs. Notice that Jerome Powell’s $3.1 billion Taj Mahal renovation of the Fed offices made the list.  Here’s the full list of taxpayer ripoffs:

In the private sector, such cost overruns aren't tolerated and are often negotiated down. In government, they are so routine, taxpayers are just expected to eat the costs.

4) Everything ISN’T Fine in Britain

Regulators are blocking the television broadcast of a satirical ad that spoofs Britain's inflation and crumbling public services. The Coinbase Global ad called “Everything Is Fine” doesn't even mention cryptocurrency is banned allegedly because regulators bizarrely claim it nonetheless "promoted crypto without required risk disclosures."

The clever two-minute ad has gone viral and sparked a debate about how big government is ruining Britain. The idiot censorship has completely backfired by increasing viewership into the millions online and by inadvertently reinforcing the point of the ad – which is you can’t trust government.

The ad is a little over the top, but worth watching.

5) Speaking of Dystopia: the EU May Ban Private Messaging

This story scares the bejesus out of us.

Not to be outdone by the creeping surveillance state in Britain, the EU is now seriously considering a proposal that would essentially end all private, encrypted messaging by requiring that all messages be scanned by the government in the name of safety.

This seems dangerously Orwellian to us. We wouldn't be the least bit surprised if politicians here in the U.S. tried to import this Big-Brother-is-watching idea to these shores.

6) Hoisted On Your Own Petard

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