He had several misunderstandings. Enlightenment did not come over these two years. Although the errors were quite varied by topic and exposition, most of the columns shared the following errors of thought:
- Any conversation has as its basis a shared understanding or common ground. Folks who don't share these common notions end up talking past each other. Mr. Frank never seemed to realize that he was writing for readers of the Wall Street Journal.
- He seemed to think that the field of economics consists of matters of taste, when there are large areas of settled agreement. It is, after all, a study with a large mathematical component.
- He does not understand that corruption in Washington D.C., and especially on K Street flows from the discretion involved in legislation and regulation.