Quotes of the day

Now with the election safely over, a transition spokesman explained this week that the drop in oil prices to $50 a barrel has made the windfall tax a dead letter. Left unexplained was why the oil companies suddenly decided to stop profiteering, or manipulating commodity prices, or whatever it was they were supposedly doing. But be thankful for small mercies. It is reassuring that Mr. Obama's calls to arbitrarily soak an unpopular business were merely rooted in political expediency, not some economic philosophy.--WSJ Editorial Board

... scientific communication would benefit from more blogging and less effort put into journal articles. We have a tenure mechanism that exalts the peer-reviewed journal article. This distorts resource allocation, leading to inefficiency in scientific communication and discovery.--Arnold Kling

I spent $700 million and all I got was the Clinton Cabinet?--JVW