The media, famously called the marketplace of ideas, is a failed market when a strong interest faces no like interest to generate competing ideas.
Society’s willingness to provide for the poor among them increases when the standard of living is advancing.
We tend to ignore the high probability of small gains or losses and focus on big payoffs or disaster despite remote odds.
When the greatest part of the [U.S.] budget pays for our defense and the livelihood of retirees, it is pointless to pretend that public spending is an embarrassment consisting only of welfare and waste.
