On October 30, 2008, in a column for the Wall Street Journal. My respect for Henninger grows and grows. The last line in his remarkably prescient column makes me sad, his depressing insights are based on truth.
It's true that America is abandoning the frontier spirit of embracing risk that entrepreneurs do, and we're instead turning to the European model of security. Freedom or security--they usually can't go together. Capital formation appears to have been yesterday's concern. When have we built, for example, a nuclear power plant?
Early 1980s (In truth, most of it was late 70s until the hysteria of Three Mile Island caused a multiple year shut-down) in Seabrook, New Hampshire.
Something utterly dramatic better occur in November. We're approaching "Hail, Mary" status, Tea Party.
It's true that America is abandoning the frontier spirit of embracing risk that entrepreneurs do, and we're instead turning to the European model of security. Freedom or security--they usually can't go together. Capital formation appears to have been yesterday's concern. When have we built, for example, a nuclear power plant?
Something utterly dramatic better occur in November. We're approaching "Hail, Mary" status, Tea Party.
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