Governing

The stampede into GameStop and other stocks was a political event. Like antifa assaults on government building and the mob assault on the White House, the investment strategy hatched on reddit subchannels expresses anger at the “system.” It’s not surprising that disaffected Americans organized around a buying strategy. We live in a consumption-based economy, not […]

Henry Adams described the hopelessness in Washington in 1860 and early 1861 as the country careened towards break-up and war this way: “No one could help. Looking back on this moment of crisis, nearly 50 years afterwards, one could only shake one’s white beard in silent horror.” I’ve thought about this passage a lot lately […]