I Want To Believe

My two friends Nick Gillespie and Matt Welch make the libertarian case for optimism. I only hope they're not laughing to avoid crying.

Meanwhile, Virginia Postrel has a good piece on journalists who try to write about a Depression without really knowing what it means.

One more semi-economic note. Now that some are forecasting oil will hit $25 a barrel, where are all those people condemning the "speculators" for driving the price so low?