Peter Thiel, the fabulously successful (and successfully fabulous) hedge-fund manager and Facebook board member, was on Charlie Rose last Friday, Paul Kedrosky notes. The economic analysis is already dated, but the bit where Thiel stumbles over a simple metaphor for someone offering an insult that might well apply to the person uttering it. It's like he wanted to say "the pot is calling the kettle black," but worried that it might sound racist. Has the Bay Area really turned this arch Libertarian politically correct?

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