We are just back from Berlin, where we went for the 25th anniversary of the fall of the Wall. It was absolutely fantastic, but more about that, and what that event and the results that followed after it, mean for the world today, later.
Today, I need to comment on something I saw in today’s paper. I generally try not to get carried away in these posts (I realize some people may disagree with that), but what I read today was so mind-bogglingly (assuming that is a word) dumb, that it is hard not to go overboard.
Actually, “dumb” is probably the wrong word. It is not “dumb,” as much as lack of knowledge. In this case, it is economics, and the following statement about the Keystone XL pipeline is amazing in its lack of knowledge about economics and in its economic illiteracy:
“Understand what this project is: It is providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else. It doesn’t have an impact on U.S. gas prices.”
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