Thanks for subscribing! Please like, share, comment, etc. And send your feedback directly to dowd@dowdmuska.com or @dowdmuska.
In most institutions of social life — your job, your family, your basketball team — proposing a Great Scheme puts the idea’s creator on the spot: If the thing works, you’re a hero; if it’s a bust, you’re a pinhead. Heroes enjoy perks which pinheads do not. Markets are particularly effective — and ruthless — in meting out rewards and inflicting punishments. In the policy world, however, those whose schemes lead to Great Destruction — even by their own admission — routinely benefit from the debacle. ... It’s the public policy version of one-stop shopping. Those who manufacture the problem sell you the solution.
— Thomas W. Hazlett
Reading Time: 5 minutes 20 seconds
Today is Friday, October 28th, the 301st day of 2022. There are 64 days left in the year. It is Wild Foods Day, Plush Animal Lovers Day, Separation of Church and State Day, National Chocolate Day, and International Animation Day.
On This Day
In 1520, Ferdinand Magellan reached the Pacific Ocean.
In 1636, the Massachusetts Bay Colony voted to establish a theological college, which would later become Harvard University.
In 1726, Gulliver’s Travels was published.
In 1886, President Grover Cleveland dedicated the Statue of Liberty.
In 1919, Congress passed the Volstead Act over President Woodrow Wilson’s veto, paving the way for Prohibition to begin the following January.
In 1942, the Alaska Highway connected to the North American railway network at Dawson Creek in Canada.
In 1948, Paul Hermann Müller was awarded the Nobel Prize in Physiology or Medicine for his discovery of the insecticidal properties of DDT.
Keep reading with a 7-day free trial
Subscribe to No Dowd About It to keep reading this post and get 7 days of free access to the full post archives.