December 29, 2017

Hayek says this:
"The problem which we pretend [to] solve is how the spontaneous interaction of a number of people, each possessing only bits of knowledge, brings about a state of affairs in which prices correspond to costs, etc., and which could be brought about by deliberate direction only by somebody who possesses the combined [more…]


December 18, 2017

If anyone needed any further evidence as to the endemic corruption of American politics the Republican tax plan is surely the clincher.

Think about it: this is a vastly unpopular plan with the voting public. The Republicans are taking an enormous electoral gamble with it. The plan is even less popular than some tax increases [more…]

Consistency is the …

December 12, 2017

Well, at least I am being consistent. Whether that's being a good thing or not I will leave to you to figure out.

David Brooks set me off on a rant a few days ago, and he's doing it again. I have to stop reading his columns. Last time it was about the rotting Republican [more…]

Republican Rot?

December 8, 2017

This is going to sound parochial to those of you not steeped in America's current internal conversation.

Poor David Brooks, his column in today's New York Times is entitled "The G.O.P. Is Rotting". He is correct. His column is a long lament about his sense of loss. The problem is that the thing[s] he thinks [more…]

Real Tax Reform?

December 6, 2017

OK, let's all calm down. The Republican tax plan is now in its last stages of design. The two versions that exist need to be stitched together and then the compromise version passed in both houses of Congress.

The law as we currently know it is a classic piece of plutocratic largesse. It will fail [more…]