I was at the State of the Union tonight. You cannot help but love the pomp and circumstance of the event, even if you do not agree with everything the President says. In this case, his opening lines on what we can learn from America's “generation of heroes,” the next greatest generation, were particularly moving to hear in person as was the closing which returned to that theme with “Each time I look at that flag, I’m reminded that our destiny is stitched together like those fifty stars and those thirteen stripes."

But in between there was much to disagree with, especially from an economic policy perspective as I describe in tomorrow’s Wall Street Journal piece which I excerpted from First Principles.

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