Thursday, April 29

Multiparty Kleptocracy

From the standpoint of economic policy, the United States has only one party, and it is the party of profligacy.
— Richard Posner, The Real Danger of Debt

Move and name change

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The blog used to be called recondite when it was hosted here; now that it's been moved I've changed the name, partially in homage to EKR's excellent blog (which has a similar name), but partly because I like the term marginal guesswork.