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The Banana Republic of Tariffs

The Banana Republic of Tariffs

We were told the tariffs were about fairness. American workers would be protected from unfair competition, though no one could identify the American banana industry in need of rescue.

We were told the tariffs were about leverage, though the principal result was leverage applied to grocery bills.

He Who Dies with the Most Oil Wins

He Who Dies with the Most Oil Wins

For centuries, humanity labored under the burden of vague goals like “a good life” or “a just society.” Now, thanks to this elegant principle, meaning has been distilled into barrels. Crude, measurable, stackable barrels.

You can’t hug virtue, but you can store oil in underground caverns the size of small nations.