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Who’s Gouging California’s Drivers?

April 29, 2026
Dear Readers,

In the most recent televised California gubernatorial debate, candidates were pressed on how they would lower gas prices for struggling residents. While the stage was filled with promises and finger-pointing, Craig Eyermann had already anticipated the politicians’ “go-to” line of reasoning: with a quick quip about CBS News California reporting why California residents always see higher prices at the pump than the rest of the nation.

Also this week, in two separate pieces, Senior Fellow Ivan Eland examines the current conflict with Iran. Daniel B. Klein recounts Smith’s 1776 warnings about the dangers of lopsided power.

Thanks for reading.

Jonathan Hofer
Managing Editor

Top picks this week

The New Muckrackers Find Who’s Gouging California’s Drivers

by Craig Eyermann

California politicians have long pointed the finger at “Big Oil” to explain the state’s skyrocketing gas prices. But is that true?
Read More

The Perils of Goal-Free War

by Ivan Eland

What happens when a nation goes to war without a clear policy objective?
Read More

New Podcast Episode

Is the Constitution the First Casualty of the Iran War?

Featuring Graham Walker, Williamson Evers and Ivan Eland

LISTEN NOW

The Art of (Accepting) the (Face-Saving) Deal

by Ivan Eland

Trump needs a face-saving way out of this self-imposed mess, and the first step is to reopen the Strait of Hormuz.
Read More

Adam Smith and Equality of Force

by Daniel B. Klein

Various individuals, including Adam Smith, from Europe and beyond, offer a better path forward for humanity on Earth.
Read More

FEATURED BOOK — OUT SOON!

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The 24 Underrated Economists You Need to Know

edited by Robert Whaples

You’ve heard of Adam Smith and Milton Friedman. But the economists whose quiet brilliance has kept the free market running? You don’t see them on book covers—until now.
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