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We Have Run Out of Other People’s Money

Margaret Thatcher is remembered for her quote, “The problem with socialism is that you eventually run out of other people’s money.” The older definition of socialism of centrally controlled means of production has given way to an association with redistribution. You...

Covid Thoughts 2020 04 25

The purpose of the shelter in place requirements was not to reduce the total number of cases, but to keep a surge in cases from overwhelming our medical capabilities. Isolating the highest risk people and avoiding crowds that allows it to spread faster made good sense...

Get the Whole Story

During my years as a manager at General Steel, I learned to respond slowly to most problems brought to me. Most of the time when I researched the problem and got the whole story, there was no problem. When a co-worker brought me a problem, I learned to ask a few...

Covid Thoughts 2020 04 18

Human progress seems to come in waves of euphoria and depression, and each is in many ways a reaction to the other.  At our pinnacles we delude ourselves into thinking we have overcome our fragility; in the abyss we underestimate our inner strengths and resiliencies. ...

A Permanent War Footing

From today’s Wall Street Journal:  Joe Biden and the Slow Death of Liberalism by Barton Swaim. Excerpt: The point here is not to disparage liberalism. It is to point out that liberalism in America achieved the last of its great aims a half-century ago. Since...