It was a very good month. Dig in. Every entry is a classic.
Can you imagine the founding fathers writing constitutional amendments to manage the United States budget? That’s the kind of thing that happens in California.
Major League Baseball’s problem with steroids has become a summer tradition as reliable as the sport itself. Every year we’re treated to stories about some big-name figure being outed as a former user of the drug. Lots of hand-wringing, further allegations, and sometimes even congressional hearings follow, but none of this is ever good enough to dispel the specter of steroid-enhanced performance that returns every year to hang over the sport.
I always think of this angry crank who was notoriously near-sighted when it came to politics and economics whenever I find myself tempted to say anything substantive about economic theory. It’s too easy, in a way, to say things about a subject one has never studied.