Realism in Action

A surprising number of Medals of Honor have been awarded for disobeying an order. For example: The President of the United States of America, in the name of Congress, takes pride in presenting the Medal of Honor (Posthumously) to Technician Fifth Grade Lewis R. Hall, United States Army, for gallantry and intrepidity above and beyond […]

Facebook’s Refusal to Deal in Excellence

The emails released last week by a British parliamentary committee, in which Mark Zuckerberg can be read snooping on WhatsApp and approving a policy designed to cripple competition from Twitter, tell much about the shortcomings of antitrust policy today. The emails show that in 2013 Facebook cut off Twitter’s access to its users’ Facebook friend […]

The Economics of Civilization

I sometimes hear that new buildings no longer are made with beautiful decoration because decoration is expensive, as if in the past somehow builders were richer, and could afford such things. Of course, it’s not about price, but taste. Civilization is a good, and you generally have to pay for goods. If you’re not willing […]

Shambles

I do not know which is more telling of American decline, the fact that China is willing to invest in bridges, while we are not, or that, rather than marvel and praise, we comfort ourselves with the notion that only a third are really being used, and all the building could lead to a financial […]