We have just seen what is probably yet another failure of universal suffrage, admittedly in Argentina, where such failures have been themselves universal. The reformist Javier Milei, who had a good handle on the pretty robust reforms Argentina desperately needs appears to have been defeated by the government Peronist, who assisted his campaign with massive […]

Two groups of people from elite backgrounds, Boston merchants of the early 19th century and Stanford professorate alumni of the early 21st century, founded institutions that made important changes to the U.S. financial system. Yet the financial institution founded by the Boston merchants played an important stabilizing and constructive role, while that founded by Stanford […]

Janan Ganesh, in a recent Financial Times column, described Britain as “Europe’s haven from the hard right.” In doing so, he crystallized why the last 13 years have been ones of gentle, increasingly annoying decline. In all Western societies, policy is bedeviled by a kind of creeping “woke” socialism representing the centrist consensus; that brings […]

Kabosu, the Shiba Inu dog made famous by the cryptocurrency Dogecoin, died recently at the age of 18 – a good run for even a famous dog. Dogecoin itself is far from its April 2021 market capitalization of $50 billion, although its current $8.8 billion ranks it a very respectable ninth on the cryptocurrency league […]