Twenty minutes into his presidency, Donald Trump, who is always claiming to have made, or to be about to make, astonishing history, had done so. Living down to expectations, he had delivered the most dreadful inaugural address in history.

Corporations do not pay taxes, they collect them, passing the burden to consumers as a cost of production. And corporate taxation is a feast of rent-seeking - a cornucopia of credits, exemptions and other subsidies conferred by the political class on favored, and grateful, corporations.

Obama, startled that components of government behave as interest groups, seems utterly unfamiliar with public choice theory. It demystifies and de-romanticizes politics by applying economic analysis - how incentives influence behavior - to government.

The education of this president [Obama] is a protracted and often amusing process . . . as he continues to alight upon the obvious with a sense of profound and original discovery.

Stalin's henchman Molotov, 96, died old and in bed, a privilege he helped to deny to millions.

(Pete) Rose's coming clean is the most soiled conversion of convenience since ... well, Aug. 17, 1998, when DNA evidence caused Bill Clinton to undergo a memory clarification. On the diamond, no one ever wrung more success from less natural talent than Rose did. But his second autobiography - which refutes the first - makes worse the mess he has made.

Well, you know, the definition of second marriage is the triumph of hope over experience.