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The 1619 Project is Anti-History

From today’s WSJ The Weaponization of History by  Wilfred McClay History is the most humbling and humanizing of subjects. It opens reality to us in all its gorgeous variety, from the earthbound lives of ordinary peasants and servants to the rarefied universe of...

The Uncertainty Tax and Friction Costs

The Wall Street Journal used this phrase in a recent editorial, Cut the Trump Uncertainty Tax. I supported much of the tax cuts, but their effect cannot be considered in isolation.  Taxes are part of a collection of friction costs; if taxes are cut but other friction...

Abandonment of Common Sense

from Today’s WSJ, We Liberals Need Self-Criticism by Ioannis Gatsiounis: Rather than figuring out a way to beat an unpopular president in 2020, most have spent the past 2½ years blaming everyone but themselves— Hillary Clinton, Russia, the Electoral College,...

Five Brief Book Reviews

Firefighting: The Financial Crisis and Its Lessons Paperback – Hank Paulson, Ben Bernanke, Tim Geithner A review and explanation of the decisions made and success of the radical if unpopular dramatic decisions made.  Concern that the tools at the disposal of the Fed...

Anti-History and History

I sense a political exhaustion. At some point overwhelming stupidity deteriorates from rage to boredom. Rage makes people stupid. We just get tired of being pissed off all the time. We get tired of the virtue signaling moral supremacists. The need to provoke outrage...