Fat Tails and Constant Relative Risk Aversion
Grownup Republican Watch

Why Oh Why Can't We Have a Better Press Corps? (National Review Edition)

Rising Hegemon comments:

Rising Hegemon: Meanwhile...: Another busy backtracker at the Intersection of Freedom Marching Street & Rose Colored Sky Avenue is Rich Lowry. On May 8, 2005, Rich, as I never tire of pointing out had this cover story published: "We're Winning: How the U.S. Learned the Art of Counterinsurgency in Iraq."

Well today, a little bit of oops and excuse making.... "The other problem is that conditions have taken a downturn over the last couple of months. The insurgency and the fight against it is about adjustments--and the fact is that the insurgents have adjusted to our adjustments that had culminated in the success of the elections and the immediate aftermath."

I've finally woken up to the fact that National Review is composed of very scarce raisins in the middle of a large pile of Luskin-quality ****.