Bill Raduchel
22 min readMay 16, 2023

Why Democrats scare me as much about Democracy as Donald Trump

Tradeoffs. Life is a sequence of tradeoffs. I am trained as an economist, and economics is the science of tradeoffs. The most famous economists saying “There is no free lunch.” is just an affirmation of the ubiquity of tradeoffs. Harry Truman hated the concept and said he wanted one-handed economists so they could not say “on the other hand.” Any doubt about Democrats holding this position was erased by President Biden’s first act as President removing the requirement for cost-benefit analysis on new regulations.

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Bill Raduchel

Author, The New Technology State and The Bleeding Edge. Strategic advisor on technology and media, independent director and former angel investor.