The Silence of the Aides

The Silence of the Aides

WASHINGTON — There is a price to pay when a U.S. president communicates mostly through tweets, off-the-cuff responses to shouted questions and the rare press conference given in concert with a foreign leader. And that price is decreased credibility. It’s odd...
Who Cares About You?

Who Cares About You?

During my student days at a UCLA economics department faculty/graduate student coffee hour in the 1960s, I was chatting with Professor Armen Alchian, probably the greatest microeconomic theory economist of the 20th century. I was trying to impress Alchian with my...