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Tyler Cowen on the presidency and its discontents:

I would be pleased if critics of the Obama presidency would indicate their managerial background and expertise, yet few do. How many of them could manage a team of ten people with any success?

Well, I managed a group of about a hundred or so at one time. Whether I did it with any success, though, is harder to say.

Intriguingly, Tyler also suggests that marijuana legalization is in tough shape if even Californians won’t legalize it. “We’re seeing the high water mark for pot, as aging demographics do not favor the idea,” he says. I disagree, but it’s an interesting thought.

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