It’s the best one-image summary of why the Detroit Three are in such hot water, and it’s on Michigan economist Mark Perry’s blog. (h/t Greg Mankiw).
The Only Graph You Really Need to Understand the Auto Industry’s Problems Read More »
“Indeed you can usually tell when the concepts of democracy and citizenship are weakening. There is an increase in the role of charity and in the worship of volunteerism. These represent the élite citizen’s imitation of noblesse oblige; that is, of pretending to be aristocrats or oligarchs, as opposed to being citizens.” – John Ralston
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 –
Nation of Burkeans? Read More »
Let’s all hope this, at least, does not repeat. It’s a miracle the American Dream has survived this long.
So, America has elected its next President, its next Vice President, 35 Senators, 435 members of the House of Representatives, and thousands of state and local officers. We did it, again, without violence or bloodshed, with a minimum of intimidation, with a minimum of fraud, and, in general, with great dignity. There can be no