Lobbyists know that a 0 percent tax rate on capital income is not, in fact, the lowest possible rate. There can be negative tax rates. There can be subsidies. There can be allowances for depreciation. Lobbyists are adaptive creatures.

Lobbyists know that a 0 percent tax rate on capital income is not, in fact, the lowest possible rate. There can be negative tax rates. There can be subsidies. There can be allowances for depreciation. Lobbyists are adaptive creatures.

There is nothing scarier than a mediocre man with a mission.

Never has good weather felt so bad. Never have flowers inspired so much fear. Never has the warm caress of a sunbeam seemed so ominous. The weather is sublime, it's glorious, it's the end of the world.

Most geniuses are just talented people who get up really early in the morning.

The Enron scandal calls into question the integrity of the entire capitalist system, which previously we assumed was based on honest, straightforward greed.

You might declare that global warming and energy insecurity, not to mention urban sprawl and pollution, have intensified the sin of indulging one's motoring desires. And I would not argue with that point. You're right. I am a bad man. But over the long term, if you want to develop a new transportation and energy policy, you'd probably want to err on the side of assuming that people won't change much. And it is human nature to like to be empowered.