We keep hearing that Trump’s attacks on the media will have a chilling effect on an essential aspect of democratic society – freedom of the press – but nobody talks about the reverse: a biased media’s chilling effect on freedom of thought. The latter is arguably worse. The president may have[…] Read On
Blog Archives
California Should Fund Its Own Damn Transit System
The Trump administration’s Transportation Department is withholding federal funding of a project to modernize Silicon Valley’s light rail system. The New York Times says Trump is breaking a campaign promise about rebuilding America’s infrastructure. The question is, why should Washington have to fund California’s transit system? Turns out, the Golden[…] Read On
Invasion of the PC Pod People
I have to warn you: What you’re about to read is disturbing. It’s confusing and unsettling. Some may find it terrifying. I have to admit, I don’t quite understand it myself. And it doesn’t end well. Actually, it doesn’t end at all. If that’s not the kind of story you[…] Read On
The Inevitable Failure of ‘Davos Man’
As thousands descend on Davos for the World Economic Forum or what Bloomberg calls “the world’s most expensive intellectual feedback loop,” the one thing on the minds of the world’s business and political elite is how the hell none of them saw the Trump-slash-Brexit nationalist backlash coming until it was[…] Read On
The Real Reason Republicans Won Big
A reader just reminded me of a Critical Thinking column I wrote for Fox Business just after the 2014 midterm election. “Things don’t change and very few pay attention,” he wrote. Indeed. Glad you’re paying attention, Lee. Here’s the column, in its entirety: Depending on which pundit you listen to, Tuesday’s[…] Read On
Bursting the Beltway Bubble Has Been Long Overdue
The election may be over, but the recriminations are just getting started. On a conference call with donors, Hillary Clinton blamed her stunning defeat on James Comey’s email investigation redux. She claimed the FBI director’s letter to Congress just 11 days ahead of the election stopped her campaign’s momentum, while[…] Read On
Why Economists Are Clueless
At a party the other day, I walked right into the middle of a debate about the effectiveness of the Fed’s monetary policy. It must have been Karma’s payback for something terrible I’d done, but before my margarita and I knew it, we were drawn into the fray with no[…] Read On