John Hood writes today about the growing popularity of populism and provides some cautionary notes about buying into the sentiment. It’s a keeper. Read the whole thing.

But populism is best applied as a healthy skepticism towards the sweeping political promises of entrenched elites, not as some sort of paranoid macro-explanation for the way the world works. It is no substitute for detailed knowledge, careful reasoning, and familiarity with the general direction of intellectual inquiry over the past century.