Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago School economists and fellow travelers.
Today marks the 66th anniversary of the Soviet Unions launch of its Sputnik earth satellite.
There’s a great memoir, Rockets and People, by Boris Chertok. The author worked on Soviet & Russian missile and space programs over a span of many years; he has many interesting stories to tell and many interesting characters (quite few of them who were indeed Characters) to portray. I reviewed the book here.
About every 3 or 4 weeks, Peggy Noonan’s WSJ column has something worthwhile to say. The September 14 column was one of those times. Talking about Biden, she cites ‘Whatever it Takes’, Richard Ben Cramer’s history of the 1988 presidential campaign, which she says presages a great deal of what we observe each day of Mr. Biden, and it is suggestive of the origins of the Hunter Biden problems and allegations.
For one thing, Joe Biden has always been obsessed by real estate and fancy houses, and money was always an issue. On a house he would buy a few years into his first Senate term: “The house is gorgeous, an old du Pont mansion in the du Pont neighborhood called Greenville, outside Wilmington. It’s the kind of place a thousand Italian guys died building—hand-carved doorways, a curbing hand-carved grand staircase that Clark Gable could have carried a girl down, a library fit for a Carnegie. . . . And a ballroom—can’t forget the ballroom.” He bid more than he had, “but Biden never let money stand in the way of a deal. He got in the developer’s face and started talking—fast.” He got the house—he always got the houses—and thereafter scrambled to cover its cost.
He wanted it all and had a sharp eye for how to get it. There is a beautiful speech Cramer presents as Mr. Biden’s. He was sitting around a back yard in Wilmington with friends when his sons were young, and Mr. Biden asked, “Where’s your kid going to college?”
His friend said, “Christ, Joe! He’s 8 years old!” Another implied it wasn’t important.
“Lemme tell you something,” Mr. Biden says, with a clenched jaw. “There’s a river of power that flows through this country. . . . Some people—most people—don’t even know the river is there. But it’s there. Some people know about the river, but they can’t get in . . . they only stand at the edge. And some people, a few, get to swim in the river. All the time. They get to swim their whole lives . . . in the river of power. And that river flows from the Ivy League.”
A lot of hungers, resentments and future actions were embedded in that speech by Joe Biden, Syracuse Law, class of ’68. They aren’t the words of an unsophisticated man but of a man who wanted things—houses, power, the glittering prizes—and who can’t always be talked out of them.
For one thing, Joe Biden has always been obsessed by real estate and fancy houses, and money was always an issue. See my related post Harvard and America and the discussion here at Chicago Boyz.
If you do a quick search through the Lexican’s blog, you will see that I like to travel. And in addition to plane travel, Road Trips are right up there. I’d have to say when the opportunity arises I am like a house-bound dog who suddenly bolts out the front door when he sees it briefly open.
Actually, as a pure traveling experience, I would put road trips ahead of cross-country plane trips. Because for me, the journey is as fun as the destination. It’s the unexpected people and places along the way that add to the memories. From an interesting used book seller (with 100,000+ books) in rural Montana to an old Army buddy in Colorado Springs, they would not have been known but for a car drive.
For this drive, both the journey and the destination were exciting.
An interesting and very dynamic presentation from venture capitalist Bill Gurley on the topic of regulatory capture.
Cases that he discusses include municipal wi-fi projects, electronic medical records systems, and Covid testing.
In response to Bill’s presentation, Sophie @netcapgirl says:
it’s lowkey a shame because the origins of the digital era are rooted in a collaborative environment between government & industry (and academia) that are hard to imagine today. for instance, JC Licklider (instrumental in the computer revolution) held positions at ARPA, MIT & IBM
So what conclusions should we derive from this polarity?