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

Oops!

Or was it? How many philosophical ‘baby Hitlers’ does it take? That’s a tough one, because how could you know? By 1937, it was a no brainer. By 2002, it was a no brainer. By 2008, less than zero. Now, there is no doubt it has been discussed at the highest levels, here, in Europe, […]

New Orders Down 2.2%, Shipments Flat, Inventory Up 0.4%

RJS, MarketWatch 666 “February” Durable Goods: New Orders Down 2.2%, Shipments Flat, Inventories Up 0.4% The “Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February” (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $6.0 billion or 2.2 percent to […]

Focused protection was never the point

As I noted previously, Congress has somehow failed to provide funding for COVID vaccines and treatments.  This is a major policy error, an error that could kill many tens of thousands of people if not corrected. You might think that spending on vaccines and treatments would be something we could all agree on, regardless of […]

Inflation, politics, and policy

Between the Russian invasion of Ukraine and COVID outbreaks in China, it certainly seems likely that supply shortfalls and upward pressure on prices will continue.  This raises difficult questions about politics and economic policy. On the political side of the ledger, I think that President Biden’s strategy should be predicated on continued inflation; if inflation […]

I. Kant, even

I. Kant, even The grinning mug on the right of the YouTube Fox News screen above is Allen C. Guelzo, a historian of the Civil War and biographer of Abraham Lincoln. Guelzo is also a purveyor of a bizarre theory that Immanuel Kant was the progenitor of critical theory, critical race theory, Marxism, Jim Crow, […]

On Ukraine, tough talk is not cheap

Biden has done a pretty good job managing the world reaction to the Russian war of aggression against Ukraine.  But speaking in Poland, Biden declared that Putin cannot remain in power.  This comes on top of his earlier declaration that Putin is a war criminal.  From WAPO: White House officials were adamant the remark was […]

Those Who Pander

Ever since maybe five hundred years before this current era, maybe even before then, demagogues, in their quest for power, have appealed to ignorance and the lowest common denominator while belittling reason and rational thinking. Of late, any listing of such should include Huey Long, George Wallace, Richard Nixon, Ronald Reagan, most if not all […]

Bedfellows

To be very clear; there is no chance (as in zero, nada, ganz sicher nicht, rien, none) that NATO will invade Russia. Never was. There is no chance that the United States would ever invade Russia (everyone knows we only invade much smaller countries). No one knows the both better than Vladimir Putin. The fear […]

Keisha Russell Must be Censured for her Plagiarized Senate Testimony

Keisha Russell Must be Censured for her Plagiarized Senate Testimony Every sensible man, every honorable man, must hold the Christian sect in horror. — Voltaire Keisha Russell is a propagandist for the “First Liberty Institute” who they grace with the title of “counsel.” It looks from her resume that the counsel she provides consists of […]