In light of the current debate on Capitol Hill, the quotation of the day comes from the Supreme Court’s majority opinion in D.C. v. Heller: Some have made the argument, bordering on the frivolous, that only those arms in existence in the 18th century are protected by the Second Amendment. We do not interpret constitutional [...]

“Well, Doctor, what have we got—a Republic or a Monarchy?” “A Republic, if you can keep it.” – Benjamin Franklin, upon leaving the Constitutional Convention in 1787 I do not want to say much about the election today, but I do want to share a few thoughts. I will begin by referring the reader to [...]

I have been quiet about this year’s election, but not for lack of caring.  The last few months have been extremely busy for me; to my shame, my busy schedule has meant that I have been silent about what is likely the most important presidential election in more than 30 years, not to mention extremely [...]

On the heels of my post on upward mobility comes an insightful post by Cato’s Michael Tanner. Two key quotations: In the end, however, one has to ask a more basic question. Why do we care about inequality at all? Poverty, of course, is a bad thing. But is inequality? After all, if we doubled [...]

I read an interesting article on economic mobility in National Review Online, which got me thinking. The article is good in that it points out some of the statistical challenges in measuring upward mobility. For example, who counts as poor? Who counts as middle class? Are we measuring intergenerational or intragenerational mobility? In acknowledging these [...]

A number of people have asked me lately what I’m reading on economics and the financial markets right now.  Truth is, I’m always reading such things, and no short list can even come close to covering the variety of material I try to read, from the scholarly and serious (e.g., Posner, Becker, Mankiw, etc.) to [...]

In case you’ve already resumed sleeping normally after my prior post on the EMP threat, the Wall Street Journal has more to remind you of the danger.

The National Review features a fantastic piece by Alexander Benard and Anthony Dick on America’s True Genius. The thesis: change does not make a nation great, and it certainly is not what has made America great. Rather, it is the constitutionally-mandated stability of our system of laws – the difficulty of implementing radical change – [...]

I offer a final thought for the evening. Last night, a dear friend and I were discussing the state of the world and the nation, particularly with reference to some of the more extreme economic proposals made by politicians and pundits of varying degrees of skill. My friend is one of the most intelligent, well-educated, [...]

Byron York has more good points on the Saddleback Civil Forum on the Presidency on National Review Online. Worth a read.