The Aristocracy of Pull — From Smedley Butler to the Equity State

Libertarians Being Libertarian: After Kentucky

Originally planned as a companion piece to our written article, this episode has adjusted into coverage of the Kentucky 4th district US House race featuring Thomas Massie. We go into a day after analysis and look at the numbers and the history of this race. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jeffkellick.substack.com [https://jeffkellick.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

The Aristocracy of Pull — From Smedley Butler to the Equity State

This contemporary application episode is the libertarian corrective to ninety years of misnamed critique of American foreign policy. Opening with Major General Smedley Butler’s 1933 confession revisited from Episode 19, the episode performs the vocabulary repair Butler himself could not have performed in 1933 because the analytical tradition had not yet matured. Act I establishes the taxonomy distinguishing free market capitalism from mercantilism, corporatism, and economic fascism, with the non-aggression principle as the libertarian metric. Act II walks the intellectual chain from Bastiat through the Austrian school to Ayn Rand, with the developed historical case at United Fruit and Guatemala 1954. Act III reads Venezuela 2026 through the corporatist vocabulary the prior acts established. Act IV catalogs the Trump administration’s accumulated equity portfolio across 2025 and 2026 — sixteen deals, 20.9 billion dollars, the Defense Department leading with seven — alongside the Carta del Lavoro of 1927 as the doctrinal antecedent and Eisenhower’s 1961 farewell address as the prescient American warning. Act V closes on Lord Acton’s full 1887 quotation, with the bipartisan recognition that both parties have built and continue to build the corporatist arrangement, and with the libertarian project framed as the practical implementation of Acton’s structural insight: limit the power, limit the corruption This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jeffkellick.substack.com [https://jeffkellick.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

“The Monroe Doctrine Inverted” — Venezuela and the Ongoing Interventions

Episode 19 traces the two-hundred-year arc from James Monroe’s 1823 doctrine — originally a defensive warning to European powers to stay out of the Western Hemisphere — to its contemporary inversion into a claim of American authority to reshape Latin American governments at will. Opening with Major General Smedley Butler’s 1933 confession that he had been “a high-class muscle-man for Big Business,” the episode examines the Roosevelt Corollary of 1904, the Cold War template of Latin American interventions (Guatemala, Cuba, Chile, Nicaragua, Panama, Honduras, Bolivia), and situates Operation Absolute Resolve against Venezuela in January 2026 as the culminating case of a pattern, not the beginning of one. Closes with a survey of simultaneous American military operations across Africa, the Middle East, and the Indo-Pacific, and the strategic overextension those commitments represent. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jeffkellick.substack.com [https://jeffkellick.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

The Adjective and the Noun

Piece 1 of a three-part feature on libertarianism and the 2026 Libertarian National Convention. The episode separates the libertarian idea — the lowercase-l, a tradition reaching back roughly twenty-five centuries — from the Libertarian Party — the capital-L, a coalition organized in a Westminster, Colorado, living room on December 11, 1971. It walks through the foundational commitments of the libertarian tradition, sketches its intellectual lineage from Cicero through the present, surveys five live conversations within the tradition, narrates the founding of the party in the wake of the Nixon Shock and its institutional history across five decades, and lands on the standard against which the next two pieces — and Grand Rapids itself — will be measured. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jeffkellick.substack.com [https://jeffkellick.substack.com?utm_medium=podcast&utm_campaign=CTA_1]

What Are Sanctions — Do They Work, and Who Pays the Price

This contemporary application episode examines the doctrine of comprehensive economic sanctions as the operating instrument of post-Church Committee American regime-change policy. Opening with the May 12, 1996 60 Minutes exchange between Lesley Stahl and UN Ambassador Madeleine Albright — and the structural surprise of Albright’s unanimous Senate confirmation as Secretary of State eight months later — the episode traces the substitution thesis (paramilitary instruments replaced by economic instruments after 1975), the explicit regime-change language in the statutory record (Cuban Democracy Act, Helms-Burton, maximum pressure), and the honesty test of when sitting officials state the doctrine openly versus when they launder it through human rights or nonproliferation framing. Five case studies follow: Iraq as the moral foundation (engaging the Dyson/Cetorelli 2017 methodological revision honestly while preserving the moral indictment); Cuba as the doctrine in real time (the live ratcheting through Executive Order 14404 and May 8, 2026 designations); Iran as the medical case (butterfly children, MAHAK leukemia patients, hemophilia); Venezuela as the continuum exposed (sanctions failed for nine years, kinetic phase began January 3, 2026); and Russia as the closed loop (Maidan substrate, sanctions regime failing as realism predicted, strategic overextension at the level of the global monetary order). The episode closes with the constitutional argument that comprehensive sanctions are blockades and blockades are acts of war, with a principled libertarian rejection of sanctions as an illegitimate exercise of state authority over foreign actors not convicted of crimes against Americans — distinguishing that rigorous position from the reformist position the episode declines to endorse — and with a forward pivot to Episode 19, which examines what happens when the policy moves from the laundered to the unlaundered version of regime change. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit jeffkellick.substack.com [https://jeffkellick.substack.com?utm_medium=podcast&utm_campaign=CTA_1]