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

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Waste, Fraud, and Abuse

…have written my last column for the New York Times, this newsletter is coming out of dormancy. It will be mostly economics-related, and I’ll try to stay away from pure political punditry,…

Train Drain

…Hunter Harrison, who pioneered a new business model called “precision-scheduled railroading,” or PSR, that has now been almost universally adopted by the nation’s major railroads. Despite its label, PSR has…

The People vs Wealth

…Action was required.  Wealth’s response was to pejoratively label these threats as socialism, communism, or un-American.  And, to get organized.  The American Enterprise Institute (AEI) (1938) and the House Un-American…

Claiming a Golden Age

…directly check market power and hold industry accountable. On jobs, the president boasted that nearly “100 percent” of new jobs have been created in the private sector. And the label on the…