Another interesting article from National Review’s Resident Adult Kevin Williamson. It is a long article, and an apology for a populist strain of capitalism. But whatever your feelings on the capitalist system, the value of the article is that it neatly divides the abstract world of money manipulation from the real world of goods and services.
The benefits of this distinction: it helps us gauge the real issues confronting America’s poor, dismiss some silly political rhetoric, and hollow-out some even sillier cultural fetishes (for example, you can’t build an electric car without oil fields, mines, and chemical plants.)
Worth reading the whole thing.