I have a theory. We’re in another period of stasis. Nothing much is happening, in politics at least. The economy remains surprisingly buoyant-check today’s new jobs numbers. Inflation bobs along, a low-grade fever. The expected tariff-driven chaos remains just around the corner. As Friedrich Hayek might once have said-I can’t find the reference-the free market is far too complex for government to understand; government’s effect on an economy is that of a breeze through a tree. I will add a monster caveat here: It could all fall apart tomorrow. That’s sort of my point: We just don’t know.