David Frum

David Frum @davidfrum

RT @TheAtlantic: The era of cheap Ubers is over, @DKThomp writes, and it isn't just because of inflation. Why urban life suddenly got way m… — PolitiTweet.org

David Frum @davidfrum

Canadian green energy for Ukraine — PolitiTweet.org

David Frum @davidfrum

If more people had said, "Well that's pointless, idiotic, probably crooked, and certain to end in ruin," when the crypto concept was first explained to them, the world would be in a happier place today. — PolitiTweet.org

David Frum @davidfrum

The reason people are slam-dunking on crypto right now is not to take victory laps, but because we're scared and mad that the most facially foolish financial scam in the long history of scams may infect the whole system and cost many non foolish people their jobs and savings — PolitiTweet.org

David Frum @davidfrum

The reason people are slum-dunking on crypto right now is not to take victory laps, but because we're scared that the most facially foolish financial scam in the long history of financial scams may infect the whole system and cost many non foolish people their jobs and savings — PolitiTweet.org

David Frum @davidfrum

How much of the course of US history would have been very different if Congress in the 1870s had returned to the easier money of the 1850s rather than inadvertently trigger the depression of 1873? Might Reconstruction have been saved? We can't know- but we can learn. END — PolitiTweet.org

David Frum @davidfrum

The vote in 1873 put the United States on a path toward two decades of economic crisis, labor turmoil, and political instability. It also cost the Republicans their majority in the House of Representatives in the 1874 - and thereby doomed Reconstruction and black civil rights 9/x — PolitiTweet.org

David Frum @davidfrum

Congress at length voted to return to metallic money in 1873. Unlike before the Civil War, this time they put the US on a de facto gold standard, just as the world was entering a period of rapid technological development, fast population growth, but slow gold discoveries. 8/x — PolitiTweet.org

David Frum @davidfrum

Complicating the decision-making was an acute shortage of accurate economic information. People in the 1870s had no way to measure "unemployment," much less compute an "unemployment rate." They had to grope their way. 7/x — PolitiTweet.org

David Frum @davidfrum

After the Civil War, Congress faced a momentous monetary decision. Should the US return to specie (gold and silver)? When? How? And should Congress accept the Civil War's 75% price inflation? Or should it try to force wages and prices back to prewar levels? 6/x — PolitiTweet.org

David Frum @davidfrum

OK I'm going to do a PS that may seem a little obscure ... — PolitiTweet.org

David Frum @davidfrum

So the Federal Reserve has a more than usual obligation this week to measure its policy appropriately. A miscalculation in monetary policy in 2022 could reverberate through long ages of American history ahead. END — PolitiTweet.org

David Frum @davidfrum

... that one of the two parties is likely to be headed in 2024 by the leader of a violent insurrection against the US government. So if the US suffers an incumbent-wrecking recession in 2022-23, it may get a democracy-wrecking election the next year. 3/x — PolitiTweet.org

David Frum @davidfrum

... the usual precondition of political survival is at least six months of strong growth before election day. Absent strong post-recession growth, and - like George HW Bush after recession of 1990-91 - re-election gets dicey. Which is just "democracy for realists," except ... 2/x — PolitiTweet.org

David Frum @davidfrum

A recession doesn't necessarily spell doom for the president on duty. Eisenhower absorbed a 10 month recession in 1953-54 and still got re-elected in 1956. Reagan overcame a ferocious recession in 1981-82 to win re-election in 1984. But ... 1/x — PolitiTweet.org

David Frum @davidfrum

RT @cspan: .@RepZoeLofgren on former President Trump: "It's clear that he intentionally misled his donors, asked them to donate to a fund t… — PolitiTweet.org

David Frum @davidfrum

Tulips are at least pretty. — PolitiTweet.org

David Frum @davidfrum

So on top of everything else, we're also about to test whether the cryptocurrency stupidity exposed the rest of global finance to systematic risk — PolitiTweet.org

David Frum @davidfrum

RT @pdrobertson: Among other things, I write, "Conservatives cannot win by simply absorbing the PPC vote...the PPC voter does not align wit… — PolitiTweet.org

David Frum @davidfrum

RT @KathyJones: The only thing working today - US dollar, aka "fiat". https://t.co/OfIobOLxsA — PolitiTweet.org

David Frum @davidfrum

Air travel is a mess because demand is recovering faster than supply is returning — PolitiTweet.org

David Frum @davidfrum

RT @MaxBoot: The artillery pledged so far (108 howitzers & 4 HIMARS from US) is wholly insufficient. The West should be sending hundreds of… — PolitiTweet.org

David Frum @davidfrum

RT @MaxBoot: Biden made a serious mistake in March when, due to overblown fears of Putin’s reaction, he refused to facilitate the transfer… — PolitiTweet.org

David Frum @davidfrum

In the long struggle for Delaware, Sweden at last faced its Waterloo https://t.co/8WuKrn5GBM — PolitiTweet.org

David Frum @davidfrum

It's a true tribute to Swedish forbearance and generosity that they are not applying Putin principles as a justification to invade and conquer Delaware https://t.co/eI5COphlWc — PolitiTweet.org

David Frum @davidfrum

RT @Principles_1st: 🚨🚨 #PrinciplesFirst alert: Gov. @AsaHutchinson (R-AR): “I hope the future of the GOP is different than Trump’s leaders… — PolitiTweet.org

David Frum @davidfrum

"If it weren't for Peter the Great, you citizens of St Petersburg would all now be Swedish passport holders" may not resonate with Russians in the way Putin hopes — PolitiTweet.org

David Frum @davidfrum

Russian women do a little better than Russian men compared to Bangladesh https://t.co/8pQZPORwx8 https://t.co/8SXq1XajX0 — PolitiTweet.org

David Frum @davidfrum

While on the subject, World Bank calculates that Bangladesh life expectancy is actually higher than Russia's https://t.co/vpB0BMF7rk https://t.co/2DDHss3fSI — PolitiTweet.org

David Frum @davidfrum

The Russian economy is about 4 times the size of the economy of Bangladesh. No disrespect to Bangladesh, but the idea that any friend of America's and NATO's might lack the equipment to beat back a somewhat bigger Bangladesh is ... shameful. Also nuts, but mostly shameful. — PolitiTweet.org