Long before there was the expression “fake news” — or, as the president tweets it, “FAKE NEWS” — there was the National Enquirer. This was pretty much understood to be the definition of fake news. The Lindbergh baby might have been carried off by the Loch Ness monster — that sort of thing.
While the president labels many outlets “fake news,” he speaks with nothing but respect about the National Enquirer. He did so in his recent interview with Time magazine, whose Washington bureau chief brought up the tale of the Cruz family and the JFK assassination.
Believe me, if the Enquirer ever turned on Trump, instead of supporting him, Trump and his spokesmen would jump on that rag as not worth blowing your nose on.
The Enquirer is one of the issues I take up in Impromptus today, along with Iran, the Gorsuch hearings, the Koreas, and much else.
One of my items is about David Rockefeller, who has died at 101. He was a rare thing, in my experience: a scion of wealth — an inheritor of wealth — who both understood and defended capitalism. (The same is true of Pete du Pont and Steve Forbes.) DRock said, “American capitalism has brought more benefits to more people than any other system in any part of the world at any time in history.”
True. And this point, by the way, was stressed by Arthur Brooks, the president of the American Enterprise Institute, in our recent podcast.
Rockefeller studied with Schumpeter and Hayek, among others. Of DRock’s many privileges, that was one of the biggest.