In August, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the cryptocurrency platform Tornado Cash, a virtual currency “mixer” designed to make it harder to trace cryptocurrency transactions—and a worldwide favorite money-laundering platform. Americans are now forbidden from using it. According to the U.S. government, Tornado Cash was sanctioned because it allegedly laundered ...

A quarter of a century ago, Russell Jacoby lamented the demise of the public intellectual. The cause of death was an improvement in material conditions. Public intellectuals—Dwight Macdonald, I.F. Stone, and their like—once had little choice but to be independent. They had difficulty getting permanent well-paying jobs. However, as universities began to expand, they offered ...