DSK Round-up

On the Dominique Strauss-Kahn imbroglio, Kid Dynamite strikes exactly the tone I've been looking for. (Caution: Swears.) 

Tyler Cowen asks a series of reasonable questions about how the Economist should view this story, but to me the real takeaway is that no one is completely rational all of the time. Incentives matter, and normal people act rationally most of the time; but power and passion also distort and corrupt people's judgement. People who routinely stay in $3,000/night hotel rooms are probably accustomed to getting what they want when they want it.

Victor Davis Hanson also offers valuable perspective on the arrest, and earns bonus points for using the phrase "mounting hypocrisy" with a straight face.

DSK was arrested minutes before flying out of New York for a meeting in Germany with Angela Merkel. He did not have his cell phone with him at the time of arrest. Can you imagine the awkward scene at the precinct? "For my one phone call, I'd like to contact the Chancellor of Germany. Do you have a copy of the German Yellow Pages?" The ensuing phone conversation could not have been easy either. "Ahh, Angela, it's Dom. Listen, I'm going to need to reschedule tomorrow's meeting. I'm, uh, unavoidably detained...No, I don't have my calendar in front of me; can we just shoot for sometime after the arraignm- I mean, sometime later in the week? Great. I'll have my defense attorn- I mean, assistant call you on Monday."