Thursday, January 22, 2026

Yes, capitalism works!

On Monday, Trump was ready to seize Greenland by military force. Our unpronouncable Pituffik Space Base has 150 Americans in residence, so we already outnumber the troops recently deployed by Denmark and other NATO countries. But our Space Force isn't trained for combat, so the occupation would certainly require the real US Army.

As a result, on Tuesday the Dow Jones Industrial average shed 871 points, the US dollar weakened, the Swiss franc strengthened, and gold soared to $4,760 an ounce.

And on Wednesday, Trump chickened out. Oh, never mind; there'll be no invasion, after all!

Among my morning reading is National Review, the conservative magazine Bill Buckley founded in 1951. It has offered a Modest Proposal to end the fuss. United Airlines now has nonstop flights from Newark to Nuuk each summer, so why don't 60,000 Americans move there, acquire citizenship, and vote to become a US territory?

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