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Politics
Sept 15, 24

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Politics
Sept 15, 24

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Politics
Sept 15, 24
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The Man Who Knew Too Little: Donald Trump on Tariffs

We are in a dangerous situation of one person having seized control of a large portion of the world's economy.

Economic Dynamism
Aug 20, 2025
Trump’s Tariff Triangulation

Trump’s trade deals are resetting the balance of benefits between each party in global trade.

Economic Dynamism
Aug 20, 2025
The New Planners

If an administration led by a protectionist president and fully staffed with protectionists can’t pull off a coherent protectionist strategy, who could?

Economic Dynamism
Aug 20, 2025

Less than a year after fleeing California’s extreme environmental laws, Chevron now finds itself in a Louisiana courthouse defending itself against a $3 billion claim that World War II-era oil production caused erosion of the state’s coast. The mastermind of the swampland stickup is a politically connected trial lawyer who has leveraged his ties with the state’s Gov. Jeff Landry and Attorney General Elizabeth Murrill—both Republicans—to lead a statewide fight to make oil and gas companies pay for exploration dating back to the 1940s. With friends like these, who needs Gavin Newsom?

On March 13, a jury in Plaquemines Parish heard opening arguments in a case seeking damages for the alleged environmental harm Texaco (now owned by Chevron) caused when it began drilling in the Bayou Gentilly oil field—in 1941. The case, orchestrated by plaintiffs’ attorney John Carmouche, will signal how juries will respond in the 40 other lawsuits that Mr. Carmouche’s firm has brought to hold oil and gas companies liable for Louisiana’s coastal land loss. A plaintiffs’ verdict in Plaquemines Parish could lead to settlements in the billions in these other cases.

Such an outcome would be a boon to plaintiffs’ lawyers, but a disaster for Louisiana’s ability to lead the Trump administration’s energy dominance agenda. In 2022 the New Orleans-based Pelican Institute estimated that Louisiana had 53 to 74 fewer oil wells and would lose between $44 million and $113 million dollars annually because of the litigation risk associated with the coastal lawsuits.

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Why Failure-to-Market Claims Are Preempted Under Federal Law
Engaging Gen Z Students with Economic Lessons Featuring MrBeast
Extreme Pricing Goes Viral: Lessons for Teaching Price Controls
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