The sanctions imposed by the U.S. and the EU on Iranian crude oil exports were not supposed to cause a spike in oil prices. Yet as Reuters analyst John Kemp reported this week, "the policy has backfired." This is despite the fact that President Barack Obama, a smart guy advised by a slew of other smart folks, was empowered to determine the best course of action. And yet the policy still failed. Why? As Sheldon Richman explains, it's because the matter that these "experts" were grappling with does not permit the kind of knowledge they would need to design a plan calibrated to produce the results they seek.
Woman Sentenced to 12 Years in Prison for Selling $31 of Marijuana Lands Back in Jail for Court Fees
Fines continued to pile up for almost a decade.
Comedy, meet cancel culture
Brett Kavanaugh Faces a New Accusation in The New York Times, but the Alleged Victim Didn't Confirm It
Plus: Andrew Yang opts out of cancel culture, Andrew Cuomo wants to crack down on flavored e-cigarettes, and more...
Plus: Attacks on Saudi Arabia unlikely to raise U.S. oil prices
Kamala Harris Does Not Understand Why the Constitution Should Get in the Way of Her Gun Control Agenda
The presidential contender conspicuously fails to explain the legal basis for her plan to impose new restrictions by executive fiat.