Time Heals All Wounds

As the Iraq war was winding down, the same political forces that brought that war into existence tried to shift to what had always been their stage two, which was to attack Iran. By then, however, the Iraq war had been so thoroughly discredited that press and public reacted swiftly and viciously to the attempt […]

Why Progressives Once Fought Tariffs as They Fought Monopolies

The Nineteenth Century understood very well that tariffs have the same effect on consumers as do monopolies. Tariffs prevent foreign competitors from undercutting the prices of domestic companies, because the foreign competitors must now pay the tariffs, and that in turn allows domestic companies to raise prices. It is for this reason that in the […]

The Poetry of Revolution

Il est en ce moment dans une situation de puissance dont il n’apprécie pas l’importance stratégique. Tous les acteurs politiques et sociaux principaux se tournent vers lui, lui demandent de persister, se proposent de le protéger, se réclament de lui, retiennent leur souffle tous les vendredis pour voir s’il sera là. C’est extraordinaire cette découverte […]

Class Interest

The rich may be perfectly happy identifying with each other across national, religious, or ethnic lines, as Renoir so memorably captured in Grand Illusion, and as we see today, I hazard, in the friendship between Jared Kushner and Mohammad Bin Salman. But not the poor. And why would they? The rich bond because of their […]

Ugarit

The romance of the Bronze Age. In the early years of Ramesses III’s reign [around 1200 B.C.], worrying news began to reach Egypt from the pharaoh’s emissaries in the Near East. All along the eastern seaboard of the Mediterranean, cities were being sacked and torched, harbors burned and looted, entire nations laid low. While coastal […]

Solar Storms and Grand Strategy

Boeing’s continued use of pulleys to control its 737s, even the most recent generation, is some of the better news to emerge from the MCAS disaster so far. One wonders whether an excellent first-strike strategy would not be this: (1) unlike the rest of the world, engineer away from electrical solutions; (2) wait for a […]

The Streets Should Be Free. Let’s Decongest While Keeping Them That Way.

In her column on congestion pricing, Emily Badger exhibits the unquestioning acceptance of the legitimacy of the price system that lamentably characterizes so much work by progressives today. She argues that because driving has a cost, drivers should be asked to pay that cost through congestion pricing, and she suggests that our current system, in […]

Congestion Pricing Is Just the Latest in Progressives’ Betrayal of the Regulatory State

Once upon a time, most ways into New York City were tolled. Then the original progressive movement hit. Progressive economists like Harold Hotelling argued persuasively that because the marginal cost of running another motorist over a bridge was near zero, there was no economic reason for which everyone who wanted to drive over the bridge […]