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have kittens
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SAN FRANCISCO - It has never been easy to have a rational conversation about the value of gold.
Some have argued instead that gold's long upward march has been partly driven by the development of new financial instruments that make it easier to trade and speculate in gold.
Of course, such considerations might have little influence on prices.
The consequences of 1989 ended up being less enduring than many observers, including me, would have assumed.
The extraordinary reception of Thomas Piketty's Capital in the Twenty-First Century shows how keenly the consequences of the collapse of the left have been felt.
In recent years, other ideologies have also emerged to fill the human need for collective ideals.
And, perversely, American neo-conservatives have transformed the internationalism of the old left by seeking to impose a democratic world order by US military force.
For everyone else, a kind of state of emergency was proclaimed that has allowed state interference in essential civil rights. Controls at borders have become an ordeal for many, and police persecution now burdens quite a few.
But the West's key features, democracy and the rule of law, have taken a far more severe battering at the hands of their defenders than by their attackers.
Some of today's restrictions on habeas corpus and civil liberties have sunset clauses restricting their validity; all such rules should be re-examined by parliaments regularly.
Intelligence assets have been redirected.
Borders have been made more secure and societies more resilient.
Drones - unmanned aircraft that are remotely steered - have proven to be effective in killing a significant number of terrorists, including many of the most important leaders.
If the policy were extended to third-country firms, it would have a powerful liberalizing impact.
Controls at borders have become an ordeal for many, and police persecution now burdens quite a few.
In fact, excessively constraining rules of origin have proved problematic for some of the EU's previous recognition agreements, such as those governing professional-services standards.
Even in the absence of international rules, the EU and the US could take two actions to ensure that the TTIP does not have adverse consequences for developing economies.
Because the Democrats in Congress have an almost religious commitment to preserving, intact, America's principal welfare programs for senior citizens, Social Security and Medicare, the legislation does not touch either of them.
Most of the weight will remain, and one's life prospects will have worsened significantly.
Moreover, measures have been implemented to push back, successfully, against terrorists.
We have seen it in Great Britain and the US.
Terrorism must lose its legitimacy among those who have historically supported or tolerated it before it will lose its potency.