Today On The Eric Metaxas Show, Eric talks with Roger Kimball about New York City, Islam, and why they argue the West is losing civilizational confidence. They discuss whether the Islam vs Islamism distinction holds up, why assimilation and shared values matter for a free society, and what is happening in Europe and England right now. Then they pivot to Iran, regime change predictions, and why they believe Trump is reshaping the global order from the border to energy to foreign policy.
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How Political Correctness Hijacked the Arts | Roger Kimball and Heather MacDonald


What gets to be called art — and who decides? In this wide-ranging Socrates Dialogues conversation, New York–based thinkers, writers, and art admirers Heather Mac Donald and Roger Kimball explore the definition of art and the history of the unmaking of beauty in modern contemporary art. Drawing on examples from Duchamp, Warhol, Serrano, Hirst, and others, the two discuss how the banal, the transgressive, and the political have reshaped the aesthetic experience of art, often robbing it of spiritual resonance.
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Populism, X: The Imperative of Freedom

It is curious how certain words accumulate a nimbus of positive associations while others, semantically just as innocuous, wind up shouldering a portfolio of bad feelings.
Consider the different careers of the terms “democracy” and “populism.”
Do you know any responsible person who would admit to being opposed to democracy? No one who does not enjoy a large private income would risk it. But lots of people are willing to declare themselves anti-populist. The discrepancy is curious for several reasons.
It was not at all clear, Madison thought, that democracy was a reliable custodian of liberty.
For one thing, it is a testament to the almost Darwinian hardiness of the word “democracy.” In the fierce struggle among ideas for survival, “democracy” has not only survived but thrived. This is despite the fact that political thinkers from Plato and Aristotle through Cicero and down to modern times have been deeply suspicious of democracy. Aristotle thought democracy the worst form of government, all but inevitably leading to ochlocracy or mob rule, which is no rule.
In Federalist 10, James Madison famously warned that history had shown that democratic regimes have “in general been as short in their lives as they have been violent in their deaths.” “Theoretic politicians,” he wrote—and it would be hard to find a more contemptuous deployment of the word “theoretic”—such politicians may have advocated democracy, but that is only because of their dangerous and utopian ignorance of human nature. It was not at all clear, Madison thought, that democracy was a reliable custodian of liberty.
Nevertheless, nearly everyone wants to associate himself with the word “democracy.” Totalitarian regimes like to describe themselves as the “Democratic Republic” of wherever. Conservatives champion the advantages of “democratic capitalism.” Central planners of all stripes eagerly deploy programs advertised as enhancing or extending “democracy.” Even James Madison came down on the side of a subspecies of democracy, one filtered through the modulating influence of a large, diverse population and an elaborate scheme of representation that softened (Madison said “excluded”) the influence of “the people in their collective capacity.”
“Democracy,” in short, is a eulogistic word, what the practical philosopher Stephen Potter in another context apostrophized as an “OK word.” And it is worth noting, as Potter would have been quick to remind us, that the people pronouncing those eulogies delight in advertising themselves as, and are generally accepted as, “OK people.” Indeed, the class element and the element of moral approbation—of what some genius has summarized as “virtue signaling”—are key.
It is quite otherwise with “populism.” At first blush, this seems odd because the word “populism” occupies a semantic space closely adjacent to “democracy.” “Democracy” means “rule by the demos,” the people. “Populism,” according to The American Heritage Dictionary, describes “A political philosophy directed to the needs of the common people and advancing a more equitable distribution of wealth and power”— that is, just the sorts of things that the people, were they to rule, would seek.
But the fact is that “populism” is ambivalent at best. Sometimes, it is true, a charismatic figure can survive and even illuminate the label “populist” like a personal halo. Bernie Sanders managed this trick among the eco-conscious, racially omnivorous, non-gender-stereotyping, anti-capitalist beneficiaries of capitalism who made up his core constituency.
But it was always my impression that in this case the term “populist” was fielded less by Sanders or his followers than by his rivals and the media in an effort to fix him in the public’s mind as one of the many lamentable examples of not-Hillary, who herself was presumed to be popular though not populist.
There are at least two sides to the negative association under which the term “populist” struggles. On the one hand, there is the issue of demagoguery. Some commentators tell us that “populist” and “demagogue” are essentially synonyms (though they rarely point out that demagogos simply meant “a popular leader,” e.g., Pericles). The association of demagoguery and populism describes what we might call the command-and-control aspect of populism. The populist leader is said to forsake reason and moderation in order to stir the dark, chthonic passions of a semi-literate and spiritually unelevated populace.
On the other hand, there is the issue of the fertile but unedifying soil of that populace upon which the demagogic leader works. Anyone who has looked at the commentary on Brexit, the campaign and early months of the Trump administration, or the recent French election will have noted this.
Consider, to take but one example, how often the word “anger” and its cognates are deployed to evoke the psychological and moral failings of both the populist multitude and its putative leaders. In a remarkable, apocalyptic effusion published in the early hours of November 9, 2016, David Remnick, the editor of The New Yorker, warned that the Trump presidency represented “a rebellion against liberalism itself,” an “angry assault” on the civil rights of women, blacks, immigrants, homosexuals, and countless others. Later commentators warned about our “angry, cynical times,” the “raw, angry and aggrieved” tone of Trump’s rhetoric, the unchaperoned “anger” of Americans who felt they “had been left behind.” “Trump’s Anger Could Lead Down a Dangerous Road,” quoth cnn. “Inside Trump’s Anger and Impatience—and His Sudden Decision to Fire Comey,” The Washington Post. “How Festering Anger at Comey Ended in His Firing,” The New York Times.
There are occasional acknowledgments that the diagnosed “anger” may be understandable, even justified. But we are left with the unmistakeable impression that the phenomenon as a whole is something vicious and irrational. Anger “festers.” It leads to “sudden,” i.e., impulsive decisions. The road it steers us toward could be “dangerous.” (Ah, how cheap is possibility: when we read that “could be” dangerous, do we also think, as we should, that it might just as well not be?)
Populism seems incapable of escaping the association with demagoguery and moral darkness. Like the foul-smelling wounds of Philoctetes, the stench is apparently incurable. Granted, there are plenty of historical reasons for the association between demagoguery and populism, as such names as the brothers Tiberius and Gaius Gracchus, Father Coughlin, and Huey Long remind us.
Populism seems incapable of escaping the association with demagoguery and moral darkness.
Still, I suspect that in the present context the apparently unbreakable association between populism and demagoguery has less to do with any natural affinity than with cunning rhetorical weaponization. “Populism,” that is to say, is wielded less as a descriptive than as a delegitimizing term. Successfully charge someone with populist sympathies and you get, free and for nothing, both the imputation of demagoguery and what was famously derided as a “deplorable” and “irredeemable” cohort. The element of existential depreciation is almost palpable.
So is the element of condescension. Inseparable from the diagnosis of populism is the implication not just of incompetence but also of a crudity that is part aesthetic and part moral. Hence the curiously visceral distaste expressed by elite opinion for signs of populist sympathy. When Hillary Clinton charged that half of Donald Trump’s supporters were an “irredeemable” “basket of deplorables,” when Barack Obama castigated small-town Republican voters as “bitter” folk who “cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment,” what they expressed was not disagreement but condescending revulsion.
Ithink I first became aware that the charge of populist sympathies could have a powerful political, moral, and class delegitimizing effect when I was in London last June to cover the Brexit vote. Nearly everyone I met, from Tory ministers to taxi drivers, from tourists to tradesmen, was a Remainer. The higher up the income and class scale you went, the more likely it was that your interlocutor would be in favor of Britain’s remaining in the European Union. And the more pointed would be his disparagement of those arguing in favor of Brexit. The Brexiteers were said to be “angry,” yes, but also ignorant, fearful, xenophobic, and racist.
Except that they weren’t, not the ones I met, anyway. For them, Brexit turned on a simple question: “Who rules?” Is the ultimate source of British sovereignty Parliament, as had been the case for centuries? Or is it Brussels, seat of the European Union?
The question of sovereignty, I believe, takes us to the heart of what in recent years has been touted and tarred as the populist project.
Consider Britain. Parliament answers to the British voters. The European Union answers to—well, to itself. Indeed, it is worth pausing to remind ourselves how profoundly undemocratic is the European Union. Its commissioners are appointed, not elected. They cannot be turned out of office by voters. If the public votes contrary to the wishes of the E.U.’s commissars in a referendum, they are simply presented with another referendum until they vote the “right” way. The E.U.’s financial books have never been subject to a public audit. The corruption is just too widespread. Yet the E.U.’s agents wield extraordinary power over the everyday lives of their charges. A commissioner in Brussels can tell a property owner in Wales what sort of potatoes he may plant on his farm, how he must calculate the weight of the products he sells, and whom he must allow into his country. He can outlaw “racism” and “xenophobia”—defined as harboring “an aversion” to people based on “race, colour, descent, religion or belief, national or ethnic origin” and specify a penalty of “at least” two years’ imprisonment for infractions. He can “lawfully suppress,” as the London Telegraph reported, “political criticism of its institutions and of leading figures,” thus rendering the commissars of the E.U. not only beyond the vote but also beyond criticism.
It’s a little different in the United States. I’ll come to that below. At the moment, it is worth noting to what extent the metabolism of this political dispensation was anticipated by Alexis de Tocqueville in his famous passages about “democratic despotism” in Democracy in America. Unlike despotism of yore, Tocqueville noted, this modern allotrope does not tyrannize over man—it infantilizes him. And it does this by promulgating ever more cumbersome rules and regulations that reach into the interstices of everyday life to hamper initiative, stymie independence, stifle originality, homogenize individuality. This power, said Tocqueville, “extends its arms over society as a whole.”
It does not break wills, but it softens them, bends them, and directs them; it rarely forces one to act, but it constantly opposes itself to one’s acting; it does not destroy, it prevents things from being born; it does not tyrannize, it hinders, compromises, enervates, extinguishes, dazes, and finally reduces each nation to being nothing more than a herd of timid and industrious animals of which the government is the shepherd.
Tocqueville’s analysis has led many observers to conclude that the villain in this drama is the state. But the political philosopher James Burnham, writing in the early 1940s in The Managerial Revolution, saw that the real villain was not the state as such but the bureaucracy that maintained and managed it. It is easy to mock the apparatchiks who populate the machinery of government. Thus James H. Boren writes wickedly that “the noblest of all of man’s struggles are those in which dedicated bureaucrats, armed with the spirit of dynamic inaction, have fought to protect the ramparts of creative nonresponsiveness from the onslaughts of mere citizens who have demanded action in their behalf.” But the comic potential of the morass should not blind us to the minatory nature of the phenomenon. Indeed, it presents a specimen case of the general truth that the preposterous and the malevolent often co-mingle. The shepherd of which Tocqueville wrote was really a flock of shepherds, a coterie of managers who, in the guise of doing the state’s business, prosecuted their own advantage and gradually became a self-perpetuating elite that arrogated to itself power over the levers of society.
Anatomizing this sleight-of-hand is at the center of “James Burnham’s Managerial Elite,” Julius Krein’s essay in the inaugural issue of American Affairs. “Although the managerial elite uses the state as an instrument to acquire power,” Krein notes, “the real enemy is not the state but rather the managerial separation of political and economic power from the liberal social contract.”
This separation of the real power of society from the economy and political life renders the managerial elite all but untouchable. And this, as Burnham saw, was the property neither of liberalism nor of conservatism but rather of anterior forces that engulfed both. “The contradiction of contemporary conservatism,” Krein writes,
is that it is an attempt to restore the culture and politics of bourgeois capitalism while accelerating the economy of managerialism. Because of its failure to recognize this contradiction, “much of conservative doctrine is, if not quite bankrupt, more and more obviously obsolescent,” as Burnham wrote in 1972. Since then it has only evolved from obsolescent to counterproductive. At this point, expanding “free markets” no longer has anything to do with classical American capitalism. It is simply the further emancipation of the managerial elite from any obligations to the political community. Likewise, promoting democracy as an abstract, universalist principle only undermines the sovereignty of the American people by rejecting national interests as a legitimate ground of foreign policy.
Sovereignty, Burnham saw, was shifting from Parliaments to what he called “administrative bureaus,” which increasingly are the seats of real power and, as such, “proclaim the rules, make the laws, issue the decrees.” As far back as the early 1940s, Burnham could write that “ ‘Laws’ today in the United States . . . are not being made any longer by Congress, but by the nlrb, sec, icc, aaa, tva, ftc, fcc, the Office of Production Management (what a revealing title!), and the other leading ‘executive agencies.’ ” And note that Burnham wrote decades before the advent of the epa, hud, cfpb, fsoc, the Department of Education, and the rest of the administrative alphabet soup that governs us in the United States today.
Iam convinced that the issue of sovereignty, of what we might call the location of sovereignty, has played a large role in the rise of the phenomenon we describe as “populism” in the United States as well as Europe. For one thing, the question of sovereignty, of who governs, stands behind the rebellion against the political correctness and moral meddlesomeness that are such conspicuous and disfiguring features of our increasingly bureaucratic society. The smothering, Tocquevillian blanket of regulatory excess has had a wide range of practical and economic effects, stifling entrepreneurship and making any sort of productive innovation difficult.
A reassertion of independence.
But perhaps its deepest effects are spiritual or psychological. The many assaults against free speech on college campuses, the demand for “safe spaces” and “trigger warnings” against verbal or fashion-inspired “micro-aggressions” (Mexican hats, “offensive” Halloween costumes, etc.) are part of this dictatorship of political correctness. In The Road to Serfdom, Friedrich Hayek said that one of the “main points” of his argument concerned “the psychological change,” the “alteration of the character of the people,” that extensive government control brought in its wake. The alteration involves a process of softening, enervation, infantilization even: an exchange of the challenges of liberty and self-reliance—the challenges, that is to say, of adulthood—for the coddling pleasures of dependence. Max Weber spoke in this context of “Ordnungsmenschen,” men who had become increasingly dependent on an order imposed upon them from above. Breaking with that drift becomes more and more difficult the more habituated to dependence a people becomes. In this sense, what has been described as a populist upsurge against political correctness is simply a reassertion of independence, a reclamation of what turns out to be a most uncommon virtue, common sense.
The issue of sovereignty also stands behind the debate over immigration: indeed, is any issue more central to the question Who governs? than who gets to decide a nation’s borders and how a country defines its first person plural: the “We” that makes us who we are as a people?
Throughout his campaign, Donald Trump promised to enforce America’s immigration laws, to end so-called “sanctuary cities,” which advertise themselves as safe havens for illegal aliens (though of course they do not call them “illegal aliens”), and to sharpen vetting procedures for people wishing to immigrate to America from countries known as sponsors of terrorism.
The President sometimes overstated and not infrequently misstated his case. Semantic precision is not a Trumpian speciality. But political effectiveness may be. Behind the Sturm und Drang that greeted Trump’s rhetoric on immigration, we can glimpse two very different concepts of the nation state and world order. One view sees the world as a collection of independent sovereign countries that, although interacting with one another, regard the care, safety, and prosperity of their own citizens as their first obligation. This is the traditional view of the nation state. It is also Donald Trump’s view. It is what licenses his talk of putting “America First,” a concept that, pace the anti-Trump media, has nothing to do with Charles Lindbergh’s isolationist movement of the late 1930s and everything to do with fostering a healthy sense of national identity and purpose.
The alternative view regards the nation state with suspicion as an atavistic form of political and social organization. The nation state might still be a practical necessity, but, the argument goes, it is a regrettable necessity inasmuch as it retards mankind’s emancipation from the parochial bonds of place and local allegiance. Ideally, according to this view, we are citizens of the world, not particular countries, and our fundamental obligation is to all mankind.
This is the progressive view. It has many progenitors and antecedents. But none is more influential than “Perpetual Peace: A Philosophical Sketch,” a brief essay that Immanuel Kant published in 1795 when he was seventy-one. The burden of the essay is to ask how perpetual peace might be obtained among states. The natural condition of mankind, Kant acknowledges, is war. But with the advent of “enlightened concepts of statecraft,” mankind, he suggests, may be able to transcend that unfortunate habit of making war and live in perpetual (ewigen) comity.
Kant lists various conditions for the initial establishment of peace—the eventual abolition of standing armies, for example—and a few conditions for its perpetuation: the extension of “universal hospitality” by nations was something that caught my eye. Ditto “world citizenship.” “The idea of . . . world citizenship,” he says at the end of the essay, “is no high-flown or exaggerated notion. It is a supplement to the unwritten code of the civil and international law, indispensable for the maintenance of the public human rights and hence also of perpetual peace.”
It is one thing to declare war illegal; it is quite another to enforce that edict.
Kant makes many observations along the way that will be balm to progressive hearts. He is against “the accumulation of treasure,” for example, because wealth is “a hindrance to perpetual peace.” By the same token, he believes that forbidding the system of international credit that the British empire employed “must be a preliminary article of perpetual peace.” Credit can be deployed to increase wealth, ergo it is suspect. Kant says that all states must be “republican” in organization. By that he means not that they must be democracies but only that the executive and legislative functions of the state be distinguished. (Indeed, he says that democracy, “properly speaking,” is “necessarily a despotism” because in it the executive and legislative functions of governments are both vested in one entity, “the people.”) He looks forward to the establishment of a “league of nations” (Völkerbund), all of which would freely embrace a republican form of government.
It would be hard to overstate the influence of Kant’s essay. It stands behind such progressive exfoliations as Woodrow Wilson’s “Fourteen Points,” not least the final point that looked forward to the establishment of a League of Nations. You can feel its pulse beating in the singing phrases of the 1928 Kellogg-Briand Pact, which outlawed war. It is worth noting that among the initial fifteen signatories of that noble-sounding pact, along with the United States, France, and England, were Germany, Italy, and Japan. What does that tell us about the folly of trusting paper proclamations not backed up by the authority of physical force? It is one thing to declare war illegal; it is quite another to enforce that edict.
Kant’s essay also directly inspired the architects of the United Nations and, in our own day, the architects of the European Union and the battalions of transnational progressives who jettison democracy for the sake of a more-or-less nebulous (but not therefore un-coercive) ideal of world citizenship.
I would not care to wager on how many of the hysterics who congregated at airports across the country to protest Donald Trump’s effort to make the citizens of this country safer were students of Kant. Doubtless very few. But all were his unwitting heirs. “Universal hospitality”: how the protestors would have liked that! (Though to be fair to Kant, he did note that such hospitality “is not the right to be a permanent visitor.”) I have no doubt that the motivation of the protestors had many sources. But to the extent that it was based on a political ideal (and not just partisan posturing or a grubby bid for notoriety and power), the spirit of Kant was hovering there in the background.
Kant was not without a sense of humor. He begins his essay by noting that he took his title from a sign outside a Dutch pub. “Pax Perpetua” read the sign, and below the lettering was the image of a graveyard. Perhaps the universal perpetuity of death is the only peace that mankind may really look forward to. Kant clearly wouldn’t agree, but it was charming of him to acknowledge that the idea of a genuine perpetual peace for mankind might be regarded by many as nothing more than a “sweet dream” of philosophers.
What has been called the populist spirit aims to rouse us from that “sweet dream”—what James Madison might have called the “theoretic” reverie of the meddling class whose designs for our salvation always seem to involve the extension of their own power and prerogative. In this sense, the issue of sovereignty also stands behind the debates over the relative advantages and moral weather of “globalism” vs. “nationalism”—a pair of terms almost as fraught as “democracy” and “populism”—as well as the correlative economic issues of underemployment and wage stagnation. “Theoretic” politicians may advocate “globalism” as a necessary condition for free trade. But the spirit of local control tempers the cosmopolitan project of a borderless world with a recognition that the nation state has been the best guarantor not only of sovereignty but also of broadly shared prosperity. What we might call the ideology of free trade—the globalist aspiration to transcend the impediments of national identity and control—is an abstraction that principally benefits its architects. As R. R. Reno, the editor of First Things, pointed out in a recent Op-Ed for The New York Times, “Globalism poses a threat to the future of democracy because it disenfranchises the vast majority and empowers a technocratic elite.”
In the end, what James Burnham described as the “managerial revolution” is part of a larger progressive project. The aim of this project is partly to emancipate mankind from such traditional sources of self-definition as national identity, religious affiliation, and specific cultural rootedness, partly to perpetuate and aggrandize the apparatus that oversees the resulting dissolution. Burnham castigates this hypertrophied form of liberalism (what we might call “illiberal liberalism”) as “an ideology of suicide” that has insinuated itself into the center of Western culture. He acknowledges that the proposition may sound hyperbolic. “Suicide,” he notes, may seem “too emotive a term, too negative and ‘bad.’ ” But it is part of the pathology that Burnham describes that such objections are “most often made most hotly by Westerners who hate their own civilization, readily excuse or even praise blows struck against it, and themselves lend a willing hand, frequently enough, to pulling it down.” The issue, Burnham saw, is that modern liberalism has equipped us with an ethic too abstract and empty to inspire real commitment. Modern liberalism, he writes,
does not offer ordinary men compelling motives for personal suffering, sacrifice, and death. There is no tragic dimension in its picture of the good life. Men become willing to endure, sacrifice, and die for God, for family, king, honor, country, from a sense of absolute duty or an exalted vision of the meaning of history. . . . And it is precisely these ideas and institutions that liberalism has criticized, attacked, and in part overthrown as superstitious, archaic, reactionary, and irrational. In their place liberalism proposes a set of pale and bloodless abstractions—pale and bloodless for the very reason that they have no roots in the past, in deep feeling and in suffering. Except for mercenaries, saints, and neurotics, no one is willing to sacrifice and die for progressive education, medicare, humanity in the abstract, the United Nations, and a ten percent rise in Social Security payments.
In his view, the primary function of liberalism was to “permit Western civilization to be reconciled to dissolution,” to view weakness, failure, even collapse not as a defeat but “as the transition to a new and higher order in which Mankind as a whole joins in a universal civilization that has risen above the parochial distinctions, divisions, and discriminations of the past.”
What has been called “populism” is a visceral reaction against these forces of dissolution.
Around the time that Donald Trump took office, his chief strategist Steve Bannon said that his goal was to “deconstruct the administrative state.” The phrase “administrative state”—also called “the regulatory state” or “the deep state”—has lately floated into common parlance. In The Administrative Threat, the legal scholar Philip Hamburger describes it as “a state within a state,” a sort of parallel legal and political structure populated by unelected bureaucrats. This amorphous congeries of agencies and regulations has become, Hamburger argues, “the dominant reality of American governance,” intruding everywhere into economic and social life.
What has been called “populism” is a visceral reaction against forces of dissolution.
Article I of the Constitution vests all legislative power in Congress, just as Article III vests all judicial authority in the Court. The administrative state is a mechanism for circumventing both. As such, Hamburger argues, the administrative state operates outside the Constitution.
When the Constitution places all legislative powers in Congress, it gives Congress not only the power to make law but also the power to unmake it. And it thereby bars the executive from suspending or dispensing with the law. When the Constitution, moreover, places the judicial power in the courts and guarantees the due process of law, it precludes the executive from telling the courts not to apply the law, and prevents the courts from abandoning their own judgment about what the law requires.
Binding citizens not through Congressionally enacted statutes but through the edicts of the managerial bureaucracy, the administrative state is “all about the evasion of governance through law, including an evasion of constitutional processes and procedural rights.” Accordingly, Hamburger concludes, the encroaching activity of the administrative state represents “the nation’s preeminent threat to civil liberties.”
Hamburger draws an analogy between the behavior of the administrative state and the behavior of such despotic monarchs as James I, Charles I, and James II. Instead of persuading Parliament to repeal or revise a statute, the British king simply evaded its force by decreeing that some or all of his subjects were not subject to its strictures. His power was absolute not merely in the sense that it was all but unlimited but also in the sense that it was independent or outside of the law. Students of Latin will recall the Ablative Absolute, a construction in which an ablative phrase is absolutum, “loosened” from or independent of the main clause of a sentence. Hamburger shows how the growth of the administrative state represents an extralegal “revival of absolute power” in this sense, one that threatens to transform Constitutional rights and guarantees into mere “options” that the government bestows or withholds at its pleasure. “The evasion,” he notes, “thereby changes the very nature of procedural rights. Such rights traditionally were assurances against the government. Now they are but one of the choices for government in its exercise of power. Though the government must respect these rights when it proceeds against Americans in court, it has the freedom to escape them by taking an administrative path.”
Just as British kings in the seventeenth century evaded Parliament through such expedients as the Star Chamber and the exercise of royal prerogatives and royal waivers—what John Adams castigated as “those badges of domination called prerogatives”—so the administrative state today operates in violation of the Constitution and beyond the authority of Congress. Barack Obama decreed that certain politically unpalatable provisions of the Affordable Care Act not be enforced, and presto, they were not enforced, even though they were the law of the land. He instructed his Department of Justice to intervene to prevent Arizona and other states from enforcing certain aspects of immigration law. He even forced public institutions to accommodate self-declared “transgender” persons in the toilets of their choice; he connived with lawsuits punishing bakers and Catholic hospitals and hobby shops who chose not to join this week’s politically correct campaign for the sexually exotic. The Constitution may have vested all legislative power in Congress and entrusted all judicial power to the courts, but the administrative state sidesteps those requirements by erecting a parallel bureaucratic structure of enforcement and control.
The administrative state today operates in violation of the Constitution.
“Eighteenth-century Americans,” Hamburger notes, “assumed that a rule could have the obligation of law only if it came from the constitutionally established legislature elected by the people.” Today, Americans find their lives directed by a jumble of agencies far removed from the legislature and staffed by bureaucrats who make and enforce a vast network of rules that govern nearly every aspect of our lives.
One of the most disturbing aspects of Hamburger’s analysis is the historical connection he exposes between the expansion of the franchise in the early twentieth century and the growth of administrative, that is to say, extra-legal, power. For the people in charge, equality of voting rights was one thing. They could live with that. But the tendency of newly enfranchised groups—the “bitter clingers” and “deplorables” of yore—to reject progressive initiatives was something else again. As Woodrow Wilson noted sadly, “The bulk of mankind is rigidly unphilosophical, and nowadays the bulk of mankind votes.” What to do?
The solution was to shift real power out of elected bodies and into the hands of the right sort of people, enlightened people, progressive people, people, that is to say, like Woodrow Wilson. Thus Wilson welcomed the advent of administrative power as a counterweight to encroaching democratization. And thus it was, as Hamburger points out, that we have seen a transfer of legislative power to the “knowledge class,” the managerial elite that James Burnham anatomized.
A closer look at the so-called “knowledge class” shows that what it knows best is how to preserve and extend its own privileges. Its activities are swaddled in do-gooder rhetoric about serving the public, looking after “the environment,” helping the disadvantaged, etc., but what they chiefly excel at is consolidating their own power.
In Thoughts on the Cause of the Present Discontents (1770), Edmund Burke criticized the Court of George III for circumventing Parliament and establishing by stealth what amounted to a new regime of royal prerogative and influence-peddling. It was not as patent as the swaggering courts of James I or Charles I. George and his courtiers maintained the appearance of parliamentary supremacy. But a closer look showed that the system was corrupt. “It was soon discovered,” Burke wrote with sly understatement, “that the forms of a free, and the ends of an arbitrary Government, were things not altogether incompatible.” That discovery stands behind the growth of the administrative state. Under the cloak of democratic institutions, its essentially undemocratic activities pursue an expansionist agenda that threatens liberty in the most comprehensive way, by circumventing the law.
At the same time, however, a growing recognition of the totalitarian goals of the administrative state has fed what many have called a populist uprising here and in Europe. “Populist” is one word for the phenomenon. An affirmation of sovereignty, underwritten by a passion for freedom, is another, possibly more accurate, phrase.
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What’s Left of Biden Admin’s Foreign Policy?

As I write this, more than 700 Israelis lie dead from the brutal surprise attack launched from the Gaza Strip by the Iranian-funded terror group Hamas last week.
Thousands of rockets were launched against multiple targets, some as far north as Tel Aviv.
Hundreds of Palestinian terrorists arrived by paraglider, in trucks, by motorcycle, and in other vehicles.
Thousands have been injured; more than a hundred (including children and the elderly) have been kidnapped and dragged back to the Gaza Strip to an uncertain fate.
Those numbers will surely climb as Israel, now in a state of war, retaliates.
The Palestinian Blitzkrieg undertaken by Hamas, which quickly made inroads as far as 15 miles from the Gaza border into Israel, claimed another important casualty far from its primary base of operation.
I mean the foreign policy of the Biden administration, which is now just as much a smoldering ruin as the bombed-out buildings.
At the end of September, Jake Sullivan, an eager Russian collusion fabricator during the Trump administration and now President Joe Biden’s national security adviser, said that “the Middle East region is quieter today than it has been in two decades.”
Then there was the bulletin, issued hours after the attack began by the U.S. Office of Palestinian Affairs, a diplomatic post opened by the Biden administration when it resumed with the Palestinian government soon after taking office.
“We unequivocally condemn the attack of Hamas terrorists and the loss of life that has incurred,” the post on X, formerly known as Twitter, reads. “We urge all sides to refrain from violence and retaliatory attacks. Terror and violence solve nothing.”
“All sides”?
The post quickly disappeared in the face of widespread ridicule and outrage.
Then there was speculation about where the weapons came from.
A Hamas spokesman gave thanks to Iran for its support of the attack: perhaps the rockets, the cash, the guns.
Iran does seem flush these days.
How did that happen?
On Sept. 11, President Biden celebrated his newfound friendship with Iran by releasing $6 billion in frozen funds.
That can buy a lot of guns and ammunition.
President Biden went on to condemn the attack by Hamas.
But a headline from the satire website Babylon Bee went viral: “White House Issues Condemnation Of Attack Biden Funded.”
And then they twisted the knife in the body of the story.
“’The Biden Administration denounces the terrible atrocities being committed with the six billion dollars President Biden gave Hamas [via Iran],’ said Secretary of State [Antony] Blinken. ‘We are deeply saddened by the deaths caused by every missile purchased with money from the Biden administration.’”
Ouch.
Donald Trump was of the same mind, although, characteristically, he phrased his outrage more directly.
“Can you believe that Crooked Joe Biden is giving $6 Billion to the terrorist regime in Iran?” he wrote on Truth Social when the deal was announced.
“That money [will] be used for terrorism all over the Middle East, and, indeed, the World. … To pay for hostages will lead to kidnapping, ransom, and blackmail against Americans across the globe. I freed many dozens of our people from various unfriendly countries and never paid a dime!”
The situation in Israel is obviously fluid, and many questions remain.
High on the list of questions concerns the gigantic intelligence failure, in the United States as well as in Israel, that allowed such a large, coordinated attack to be planned and deployed without getting picked up.
We pay billions of dollars to our intelligence services.
These days they seem more interested in claiming that Hunter Biden’s “laptop from hell” was a Russian plant than in exposing our real enemies.
Mark Levin cut to the chase and summed up the situation with his customary aplomb.
“Trump cut off funds to the Palestinians,” he wrote, “unleashed unprecedented peace initiatives in the Abraham Accords, killed the Iran deal, was starving the Iranian regime of resources with crushing sanctions, and Biden not only reversed it all, including funding the Palestinians and Iran, but undermined Netanyahu at every turn, refused to meet with him, demanded that Israel make more concessions to the Palestinians.”
True, all true. As is Mr. Levin’s concluding observation: “Appeasement and worse has consequences.”
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What’s Really at Stake With ‘Harvard’

The appalling testimony by the presidents of MIT, Harvard, and the University of Pennsylvania before the House Education Committee earlier this month has been the subject of widespread criticism, ridicule, and head-shaking surprise.
Asked by Rep. Elise Stefanik (R-N.Y.) whether calling for the genocide of Jews would contravene their institutions’ rules of conduct, all three temporized that it would depend on the “context.”
Clearly, they had all been prepped by the same lawyers, or at least lawyers who themselves had been prepped by the same head office.
The public response was quick and brutal.
The president of Penn, Liz Magill, was forced out within days, as was the chairman of Penn’s board.
When Harvard’s board of overseers met in an emergency session, many predicted that Claudine Gay, the president of Harvard, would suffer the same fate.
I could have reassured them that that wasn’t going to happen.
Why?
For the same reason that I believe Ms. Gay was appointed president: because she’s black and ideologically on page with the progressive—i.e., anti-white, anti-American—mindset that has taken over elite education like a parasite inhabiting its host.
As the commentator Francis Menton explained in “Goodnight, Poor Harvard!,” Ms. Gay had long functioned as “the enforcer-in-chief of wokist orthodoxy at Harvard.”
When the klieg lights of public scrutiny swiveled in Ms. Gay’s direction after her humiliating performance before Congress, the public was treated to two data points.
One was already known by anyone who had considered the case of Ms. Gay.
She was, in terms of academic achievement, utterly unqualified to be president of Harvard.
In a wide-ranging piece about Ms. Gay, Peter Wood, president of the National Association of Scholars, referred delicately to her “slim portfolio of publications.”
In fact, the portfolio is practically anorectic.
But that was almost beside in the context of the revelation that those meager writings showed unmistakable evidence of plagiarism.
Harvard instantly convened what Mr. Wood rightly describes as a “cover-up committee” to pretend to investigate the charges.
Unsurprisingly, the committee returned with the determination that Ms. Gay’s corpus showed evidence not of plagiarism but only a “few instances of inadequate citation.”
You have to admire their brass.
Between 1998 and 2016, Mr. Wood noted, Ms. Gay published but 11 articles.
All of them were about race.
All of them were—in a kind word—“derivative” of other people’s work.
And this, Mr. Wood said, brings us to the center of Ms. Gay’s appeal for the panjandrums that run Harvard.
“She is a tireless advocate of the Diversity, Equity and Inclusion movement. It is the carriage that brought her to the ball,” he said.
Moreover, her commitment to the stew of diversity, equity, and inclusion ideology is the “link between her disheartening unwillingness to protect Jews from antisemitic threats of violence and her disheartening disregard for the standards of academic dishonesty.”
If “diversity, equity, and inclusion” are the cynosures of your life, what difference does intellectual honesty or basic moral probity make?
Mr. Wood pointed out that when she was a dean at Harvard, Ms. Gay forced 27 students to withdraw because of “academic dishonesty,” i.e., plagiarism.
She was also a cheerleader for “mandatory training” to correct the egregious wrongthink of “using wrong pronouns” and so on, practices, the “woke” orthodoxy insists, that are tantamount to “violence.”
As I write this piece, applications to Harvard for early admission are down by 17 percent.
I suspect that trend will continue and accelerate. I certainly hope so.
It’s a bad sign for Harvard that even the satirists are on the case.
The Babylon Bee, for example, recently ran a piece with the headline “‘Did Not Attend Harvard’ Now Number One Quality Employers Seeking In Job Candidate.”
Funny, yes, and also right on target.
Many commentators have tried to frame the behavior of Ms. Gay and her colleagues in terms of “free speech.”
I think that Heather Mac Donald is right that “free speech” is a blunt instrument with which to understand what’s happening.
For one thing, as Ms. Mac Donald pointed out in a City Journal article for the Manhattan Institute for Policy Research, there are obvious double standards at work.
The “high road,” which precious few academics actually advocate, is to demand “free speech across the board: for opponents of preferences, say, and for opponents of Israel.”
It’s much more common, she noted, to “adopt in reverse the same double standards that have been so nauseatingly on display in every pronouncement about a university’s undying commitment to academic freedom.”
“Too many alumni,” she wrote, “have taken the second course. While rebuking their school’s intellectual monoculture and intolerance of dissent, they demand the silencing of anti-Zionist speech in the same breath.”
I think this is true, but I also think that trying to understand what’s happening in our educational institutions on a template provided by the demand for “free speech” is doomed to failure.
To begin to understand why, we can return to Ms. Stefanik’s question: Would calling for the genocide of Jews violate your school’s code of conduct?
To my mind, if you find yourself in a situation in which that question has to be posed, you have conceded defeat.
The truth is that the colonization of education by the ideology of wokism and identity politics renders considerations of free speech and academic freedom moot.
The triumph of wokism entails the destruction of traditional academic standards and, indeed, the very raison d’être of education, K–12 as well as college.
Once upon a time, we educated our young in order to pass along the values of our civilization.
Then we—that is, the elites to whom we entrusted our future—decided to reject that civilization.
They, our masters, decided that “whiteness” was evil, that “objectivity” was a patriarchal plot, and that even so basic a reality as biological sex was an alibi for oppression.
That’s the real lesson of this latest shipwreck of progressive grandstanding. That our educational institutions—like so many other institutions in the West—have sacrificed their legitimacy on the altar of a corrupt and mendacious ideology.
The way out, I fear, isn’t through reform but through revolution.
“Harvard”—I used the scare quotes to denote not just that one institution but the state of mind it represents—must be utterly superseded if it’s to survive.
Like Ms. Gay, it has set itself to be a “transformational” force whose goal is to undermine and invert our civilization. Civilization, if it’s to survive, must acknowledge the radical nature of that challenge and respond in kind.
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Wheels Within Wheels in the Case of Biden’s Docudrama

The problem with stories like Joe Biden’s docudrama is that the punditocracy acts like a school of piranha gobbling up a Bond villain.
There’s a lot of commotion. It’s hard to see clearly.
I, myself, have written about the classified documents uncovered in Biden’s office at the Penn Biden Center for Diplomacy and Global Engagement, then in the garage at his Delaware home, then, in at least two places, in his Delaware house proper.
That’s as of Jan. 15. Who knows how many more documents will be found?
But here’s the oddity. The entire episode, though under the klieg lights of publicity, is wrapped in a shroud of several mysteries.
For example, who leaked the news to CBS that classified documents had been found in Biden’s office at the Washington office of a University of Pennsylvania think tank named for Biden?
We don’t—anyway, I don’t—know the answer to that question.
The CBS report that broke the story last week was carefully, and almost comically, orchestrated to be pro-Biden. Every other line, it seemed, stressed the differences between the case of Biden harboring classified documents and that of former President Donald Trump.
Biden’s case was unfortunate, yes, but not to worry. There were only a few documents.
In their original report, CBS stressed that there were only about 10 documents found in Biden’s office.
The FBI hoovered up more than 300 documents in their raid of Trump’s Mar-a-Lago in August 2022.
Biden was “surprised” by the news that there were classified documents in his office: He said he didn’t even know they were there.
The case of Trump, on the other hand (note the grimaces passing over the faces of the newscasters), was completely different.
Team Biden instantly turned over the docs they found to the National Archives or the Department of Justice.
Trump stonewalled the National Archives for many months. And (bottom line) it was Trump!
At first, it was unclear—at least CBS said they didn’t know—what level of classification the documents had been assigned.
According to some reports, at least some of the documents were marked “sensitive compartmented information,” i.e., beyond top secret.
The flurry of news reports and commentary that followed might make it seem as if the story was out and that, in a news cycle or two, we should just move on.
But then the unexpected happened.
First, the garage docs. Then, the two separate caches of classified docs in his home.
Interviewed about the documents found at Mar-a-Lago by a sycophantic reporter back in September 2022, Biden said with (for him) great solemnity, he didn’t know “how that could possibly happen. How anyone could be that irresponsible.”
There’s a nice splice of that exchange with one from the current imbroglio on YouTube.
In September 2022 it was “How could anyone be that irresponsible.” Now, it’s visibly impatient reporters wondering what’s going on.
And here’s another mystery.
What was the motivation of the person or persons (in its original report, CBS mentioned “three sources”) who leaked information about the documents to CBS?
Was it a hostile act, designed to get the ball rolling on Biden’s ejection from office?
Several people, myself included, have suggested that.
But perhaps the leak was defensive in nature.
Perhaps, that is to say, leaking to a sympathetic outlet was calculated to limit the political fallout that was sure to follow the revelation.
But then the initial story grew wings as additional caches of classified documents were found about the Biden homestead.
Attorney General Merrick Garland had appointed a special counsel to investigate Trump a couple of weeks after the DOJ had been informed about the Biden documents but nearly two months before the public knew about it.
After it was revealed that Biden was housesitting not one, not two, but three (and later four) separate caches of classified documents, he felt constrained to appoint a special counsel to look into the case against Biden as well.
But the person he appointed was Robert Hur, a U.S. attorney for Maryland who had reportedly “helped stifle” the Republican Party probe into the mishandling of the Trump–Russia investigation.
Devin Nunes, who headed the House Intelligence Committee under Trump, noted that Hur had shown himself to be “a fixer for the Democrats.”
What does it all mean?
I don’t know.
Part of me thinks that Powerline commentator Scott Johnson is right and that “Biden is toast.”
I certainly agree with Johnson that “every day [that Biden] remains in office he does incalculable damage to the country.”
He has, Johnson writes, “dissolved our southern border, prioritized the climate madness, furthered the woke insanity, weakened our military, promoted a gusher of federal spending, and so on.”
Granted. What we don’t quite know is how the case of the classified documents will play out.
The Democrats have shown themselves to be far more adept than Republicans at exploiting crises for their own political benefit.
I’m confident that the recent revelations about Biden’s mishandling of classified documents will impede his chances of nabbing the 2024 Democratic nomination, let alone winning the election.
But who knows? I also sense that there are wheels within wheels here.
Maybe it’s team Biden pulling the strings and seeding the ponds with unpleasant, sharp-toothed fish.
But maybe we’re dealing with a drama boasting a far larger, if mostly anonymous, cast. Anyway, the situation is far more complex than we might have assumed when lawyers or whoever it was discovered those classified documents in Biden’s Washington office.
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When a Time Delay Becomes a Time Bomb

I don’t recall exactly when it was that I learned that it took a bit more than eight minutes for the sun’s light to reach us here on Earth. Sometime before high school, I think.
Anyway, that pedestrian fact made a deep impression on me.
I knew that light traveled at a fixed speed and that its operation wasn’t (quite) instantaneous, although in our quotidian lives, it seemed almost so.
But the fact that the sunlight we see all about us is eight minutes old made a deep and disconcerting impression on my young self.
Who knows what might have happened to the Sun in the meantime?
I began researching this phenomenon and was duly impressed by the awful (in the old sense) immensity of things.
The sun’s light, traveling some 93 million miles, takes 8.3 minutes to arrive here.
Light from the Orion Nebula, wherever that is, takes about 1,500 years to reach us.
Light from the Andromeda Galaxy takes 2.5 million years.
Then, there are the lights from long-dead stars glimpsed by that astronomical Peeping Tom, the Hubble Telescope.
Until recently, the oldest light glimpsed was from a defunct star called Icarus. It shone when the universe was about 9.5 billion years old.
Last summer, Hubble registered light from a star called Earendel, which flickered 12.9 billion years ago, when the universe was a mere 6 percent of its current age.
These are stupefying, incomprehensible numbers.
Blaise Pascal touched on the psychological—or is it the ontological?—coefficient of such contemplations in his “Pensées.”
“When I consider the short duration of my life,” he wrote, “swallowed up in an eternity before and after, the little space I fill engulfed in the infinite immensity of spaces whereof I know nothing, and which know nothing of me, I am terrified.”
Nietzsche gave tart expression to the physical reality behind Pascal’s anxiety in his remarkable early essay “On Truth and Lie in an Extra-moral Sense.”
“Once upon a time, in some out of the way corner of that universe which is dispersed into numberless twinkling solar systems, there was a star upon which clever beasts invented knowing,” he wrote.
“That was the most arrogant and mendacious minute of ‘world history,’ but nevertheless it was only a minute. After nature had drawn a few breaths, the star cooled and congealed, and the clever beasts had to die.”
Such cosmic expressions of metaphysical angst have an aspect of adolescent self-indulgence about them.
As Jeeves observed to Bertie Wooster, there’s something “fundamentally unsound” about Nietzsche.
Still, since we’ve just swung across the hinge binding one year to the next, it’s worth pondering some local, pedestrian ways in which things that have already happened may finally reveal themselves in their true significance.
Gregory of Tours (c. 539–594) began his sprawling “History of the Franks” with one of the most irrefragable sentences vouchsafed to humanity: “A great many things keep happening, some of them good, some of them bad.”
Just so, many things happened in 2023, some good, some bad, and some, like the light emanating from a distant star, delayed in reaching us.
It seemed like just another news report when the Supreme Court of Colorado, whose declared aim was to preserve democracy, declared by a 4–3 majority that Donald Trump wouldn’t be allowed to appear on the Colorado ballot.
The Colorado Republican Party appeal put a stay on that ruling, but not before other Democratic politicians climbed onto the “say-no-to-Trump” wagon.
Recently, Shenna Bellows, secretary of state of Maine, took a page from the Colorado court.
She declared President Trump an “insurrectionist” and ordered him off the ballot in Maine.
Most observers believe that Ms. Bellows’s diktat will be overturned on appeal, which would mean that it occupies a place not in the history of politics but in the history of political theater.
But my point is that actions like these—pretending to save democracy by destroying it—have a built-in natural time delay like the light of the sun.
That is to say, their full significance isn’t obvious at once.
It’ll only unfold itself later when the precedents set become obvious and become, as it were, operational.
What does it mean that people of the ruling political party pretend to preserve democracy by outlawing the most potent candidate from the opposing side?
That unprecedented series of actions by a weaponized department of justice controlled by one party doesn’t declare its full significance all at once.
When, for example, the FBI conducts dawn raids against ordinary citizens whom the ruling party happens to dislike, the full meaning isn’t obvious in the immediate aftermath of the raids.
Similarly, when a prosecutor transforms an unarmed protest at the Capitol into an “insurrection” and then dusts off a post-Civil War era clause from the 14th Amendment to indict a candidate his masters don’t like, the full significance of that unprecedented act isn’t visible all at once.
No one can, at this juncture, say for certain what such astounding partisan assaults will portend.
Perhaps they’ll help complete the transformation of democracy into that elite-run anti-democratic confect, “Our Democracy™.”
Perhaps it’ll be seen to have initiated the mournful eclipse of the American experiment in republican governance and individual liberty.
One thing, I believe, is more or less certain: These astounding actions to keep Donald Trump from reassuming the White House will be like the light from the Sun.
Only, they‘ll not only be on a time delay; they’ll also be in the nature of a time bomb.
The people who did these things may never be called to account for their destructive actions.
Nevertheless, they’ll come to rue the day they uncorked the bottle that held the genie of anti-democratic, authoritarian passion. At the very least, they’ll learn that it was much easier to release than to recontain.
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When Bank Failures Presage Political Opportunity

Friday, March 10, brought a couple of bits of important news from the world of finance.
The jobs report was strong, with some 311,000 jobs added in February.
Hurrah! Break out the champagne, right?
Not so fast.
That same day we got the news that the Silicon Valley Bank (SVB), which I’d wager most of my readership had never heard of before Friday, had been put into receivership by the feds.
Like certain animals that can sense an impending earthquake before it actually starts, the market had discerned a disturbance in the financial empyrean earlier in the week.
Certain large clients, sensing the tremors, had taken their money out of the bank.
Other clients heard about that, and they did the same thing.
By Friday, those exiting weren’t walking but running, as in a “run on the bank.”
Indeed, the failure of SVB was the largest bank failure since 2008.
What happened?
Several things.
For one, SVB (to use the now familiar acronym) had invested heavily in Treasury bonds.
Most banks do that.
Treasuries, backed by “the full faith and credit” of the United States, are (or at least have been) regarded as among the safest possible investments.
But SVB plowed billions into the bonds when interest rates were very low.
Unfortunately, as you may have noticed, the Fed has been raising interest rates aggressively for the last year.
This not only erased SVB’s profit from the difference between what it was paying on deposits and what its investments in Treasuries returned, but also put it in a liquidity trap when more and more depositors showed up wanting their money.
Jimmy Stewart was not on hand to salvage the situation.
“As its customers drew down deposits,” The Wall Street Journal reported, “SVB had to sell bonds at a loss. SVB disclosed this week that it had lost $1.8 billion on securities sales and would need to raise $2.25 billion in equity.”
Uh oh.
“This stoked fears of insolvency,” the Wall Street Journal continued, “which caused customers and investors to bolt. It was reportedly searching for a buyer on Friday, and we hope regulators didn’t pre-empt potential private investors by closing SVB so quickly on the same day.”
There was also the fact that SVB was conspicuously a “woke” institution.
Jay Ersapah, its head of financial risk management, is right out of central casting.
“As a queer person of color,” her profile in an SVB diversity, equity, and inclusion report (pdf) states, “I feel privileged to co-chair the LGBTQ+ [Employee Resource Group] … and create a sense of community for our LGBTQ+ employees and allies.”
OK. Bully for her.
Still, the failure of SVB, America’s 16th largest bank and a major source of funding for Silicon Valley start-ups, sent shock waves throughout the world of finance.
The market, which had been flirting with optimism that morning, cratered, ending the day nearly 350 points down, a dismal climax to a horrible week.
The era of cheap money was (for the time being, anyway) over. Now the “global financial system” was under severe stress.
Instantly, there were many, many headlines proclaiming doom.
“Federal Government Has 48 Hours to Fix ‘Irreversible Mistake,’ Billionaire Says,” ran one.
Oh, dear.
‘“How did you go bankrupt?” a character in Hemingway’s “The Sun Also Rises” asked.
“Two ways,” came the response. “Gradually, then suddenly.”
What people worry about is what the economists call “contagion.”
When the world learned that Wells Fargo missed direct payroll deposits on Friday, that news further spooked people, a feeling that was only partially soothed by the bank’s announcement that the missing payments were due to a “technical” fault.
Trading in First Republic, Signature Bank, and other regional banks was suddenly halted as their stock prices collapsed.
Was this a reprise of what happened in 2008, when the giant investment firm Lehman Brothers failed, sparking the steepest (but fortunately short-lived) collapse since the Great Depression?
One of the most intelligent commentaries I have yet read on the subject was “Sorry Silicon Valley: SVB’s Collapse Is Not a Big Deal,” published Saturday on Revolver News.
The author, writing under the pseudonym “Jeremiah Jackson” is identified as “a former official” of the U.S. Treasury.
I would wager that he wasn’t a Biden or Obama appointee.
“Although SVB is classified as a systematically important financial institution,” “Jackson” writes, “… there is little systemic risk.”
Why? For one thing, the Federal Deposit Insurance Corporation is almost certainly working overtime even as I write to find a buyer.
J.P. Morgan has been rumored to be a candidate, and Elon Musk has also made noises about acquiring the failed bank.
The critical thing, according to “Jackson,” is that “SVB is a minor player in investment banking and has a weak role as a financial intermediary in most of the economy outside Silicon Valley.”
True, Silicon Valley itself is likely to suffer in the near term. “Some startups will be dissolved,” “Jackson” acknowledges.
“Innovation will slow down in the short-term. However, as long as the technologies deployed by the startups have positive returns, they are likely to be rediscovered and redeployed in fairly short order.”
We’ll see.
The next several days will be critical.
Watch for the usual governmental prestidigitation.
This weekend, Janet Yellen, Secretary of the Treasury, took time off from raising Pride flags at the Treasury to say that (1) there would be no bailout of SVB or other failing banks and (2) that “Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”
And here you thought the age of miracles had passed!
Like Walt Whitman, Yellen is a friend of contradiction: She is large, she “contains multitudes.”
Naughty question: If no losses will be “borne by the taxpayer,” where will the money come from?
Who or what will bear the loss?
“The government,” you say.
Where does that money come from?
“Oh, they just print it, you know.”
Yes, they do.
Now tell me why interest rates are rising so sharply.
Or, rather, table that.
Let’s go back to the items I started with: the stronger-than-expected jobs report together with the house-of-cards-like implosion of SVB and other regional banks.
At this point, we really don’t know how these realities will unfold.
What if more banks fail, more payrolls are left unmet, and that stronger-than-expected jobs report sours and we find ourselves with that old Depression-era compact, bank failures and skyrocketing unemployment?
That will signal not only an economic catastrophe but also a political opportunity.
Were I a betting man, I’d say that it was the moment the Zeitgeist cued Donald Trump for his comeback tour. That’s the story with a happy ending, in my opinion. Other conclusions, less cheery, are also possible.
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When Will Harvard Give Claudine Gay the Boot?

You are probably almost as sick of hearing about Claudine Gay — as of this writing, still the president of Harvard University — as I am of writing about her. As I pointed out a year ago in this space, Harvard’s appointment of Gay, a black woman, was simply the next chapter in the university’s long-running pursuit of its racial spoils system. Gay’s entire academic career has been a testimony to the power of that enterprise. What a prize Harvard had in Claudine Gay: a black female who was an avid proponent of the whole “Diversity, Equity and Inclusion” racket. Could there be any doubt that she was being groomed for the top slot?
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When Will Kash Patel Unleash Epic Fury on the FBI?

As I write, the Washington Post is carrying an obituary about the Ayatollah Ali Khamenei – or maybe it is about Santa Claus?
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Where Is the FBI’s Rubicon?

Everyone knows that in January 49 BC Julius Caesar, about to lead part of his army across the Rubicon river, said “Alea iacta est,” “the die is cast.” Except that, according to Plutarch, what he really said was “Ἀνερρίφθω κύβος,” “let the die be cast,” and he did not so much say it as quote it, since the already-proverbial line came from the Greek playwright Menander. Anyway, in bringing an army across the stream that separated cis-Alpine Gaul from Italy proper, Caesar had committed treason. In crossing the Rubicon he had crossed a line, sparking the civil war that engulfed Rome and formalized the end of the Republic that had, as Caesar himself noted, been dead in all-but-name-only for decades.
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Where Next?

Encounter Books, 2022
At least since Oedipus met King Laius on the road from Delphi to Thebes, the image of a crossroads has signaled a dramatic and morally fraught turning point. It was with this cargo of significance in mind that The New Criterion published a special series of essays on “Western Civilization at the Crossroads” during its fortieth-anniversary season. Featuring contributions by Conrad Black, Victor Davis Hanson, Roger Kimball, Andrew Roberts, and other luminaries, this book collects the ten special essays to assess where Western civilization is now, and where it’s going.












