Relevant and even prescient commentary on news, politics and the economy.

In re: Trump DoJ attack on Jerome Powell

Look, here’s the thing about money: it isn’t real. It’s all about belief and trust. I’ve been invested in equities and money markets for over 40 years. I’ve ridden the ups and downs. Money only means what people say it means, neither more nor less. Alfred North Whitehead coined the “fallacy of misplaced concreteness.” He […]

“Zbig,” a book review

I just finished reading “Zbig: The Life of Zbigniew Brzezinski, America’s Great Power Prophet” by Edward Luce. Brzezinski was born in Poland between WWI and WWII, but he spent most of his life in North America, first in Canada and then in the US, where he eventually became a citizen. He was very successful as […]

Unintended consequences

According to press reports, the Trump Administration is considering military attacks on Iran. This act of war, like all wars, is likely to have unintended consequences. The myth is that such foreign attacks free domestic opposition to topple the regime (see, e.g., the Bay of Pigs). More often, they only serve to rally citizen support […]

Two cheers for congressional science funding

Things were looking grim for federally funded science earlier this year: • Trump proposed an overall cut in science funding from $198 to $154 billion, a reduction of 22% that would have been the largest reduction in federal science spending since World War II: • Trump proposed that the National Science Foundation budget be slashed […]

A pediatrician’s thoughts on the new vaccine schedule

The other day, I was getting my semi-annual cleaning at the dentist office. When the hygienist asked what I did before retirement, I told her I was a medical school professor. That touched off a 15-minute interrogation about childhood vaccination. She has an infant daughter. While she’s gotten all the recommended vaccines, she was plainly […]

About that Venezuelan oil

There’s been a lot of crowing by Trump about how he’s seizing Venezuelan oil to hand it to American oil companies and skim profits for the United States. What oil, and how much? “According to figures widely cited throughout the media and the oil industry itself, Venezuela is sitting on around 300 billion barrels’ worth […]

Déjà vu all over again

The definition of insanity is making the same mistake over and expecting a different outcome. By that definition, the Trump coup in Venezuela is insane. Maduro was a corrupt and illegitimate ruler. And the same was true of Saddam Hussein in Iraq. Bush deposed Saddam, freeing Iraq from one nightmare but plunging it into another. […]

What the market will bear

I started college at the dawning of the age of cloning. Recombinant DNA technology represented the transition from descriptive molecular biology to genetic engineering. By the time I started teaching medical students, the genes mutated in terrible diseases like cystic fibrosis, Tay-Sachs, hemophilia and Fragile X were being cloned. There was always an obligatory paragraph […]

Robotaxis to the rescue?

My junior high instrumental music teacher and band director was a spinster who never owned a car. She took taxis to get around our small town. At the time, it seemed odd. Now that I’m 70 years old, it looks like my future. The promises of robotaxis (I’m looking at you, Elon) have so far […]