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1. On the one hand, I’m disappointed that a welfare-statist/market skeptic is the new acting secretary of commerce, even if as a practical matter nobody will notice.

2. On the other hand, the existence of the Commerce Department, a.k.a. the Department of Corporate Welfare, suggests that Washington has little institutional confidence in free markets and believes that markets must be guided by the sorts of geniuses who end up working in the Commerce Department.

Possible reactions:

A. Agitate for better personnel at the Commerce Department.

B. Abolish the Commerce Department.

I’m voting for B. 



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