I’d also like to commend your attention to a brilliant pickup by Clayton Cramer on the relevance of Federalist No. 62 to our present economic circumstances. Hat tip: Glenn Reynolds.
We didn’t make this stuff up, you know. The knowledge has been available to anyone willing to observe the behavior of other human beings rather than pore over numbers on a page.
To quote an even older source, there truly is nothing new under the sun.
Something related here. I’m seeing and hearing more of this in real life as well: hardcore libertarians going on the dole; religiously upright folks deciding that following the rules is the wrong thing to do; and so forth. “Regime uncertainty” looks like nothing more than a rigged game for the extremely well-heeled.