Another smart move by Trump. Continued blindness by Democrats.

Summary:  Trump's ascent shows the decay of the US political system. We see it in the inability of our political elites to see the forces propelling him or his smart moves, and their clumsy attempts to stop him. If he wins at the GOP convention, the Democrats will have to confront his message. They might … Continue reading Another smart move by Trump. Continued blindness by Democrats.

Trump, not Sanders, is the revolutionary

Summary:  Journalists and political gurus dismiss Sanders as a wannabe revolutionary while focusing on the minutia of the GOP presidential horse-race. That's wrong. Trump is a revolutionary, and only seeing the big picture reveals why. Even if he fails (as he probably will), others will travel the trail he blazed. "Although Nero's death had at … Continue reading Trump, not Sanders, is the revolutionary

The pilgrimage of Martin Luther King: an antidote to amnesia about our history

We tend to memorialize our history by stripping it of deep meaning, preventing us from learning from it. On the birthday of Martin Luther King Jr. let's remember not just what he did but how America -- Black and White -- responded to him. This from the archives does that better than anything else I've … Continue reading The pilgrimage of Martin Luther King: an antidote to amnesia about our history

Fact & myth about the debt supercycle, a story of modern America

Summary: The effects of debt are among the most widely misunderstood factors of macroeconomics. The almost delusional writings of perma-bears and conservatives have demonized debt, while economists often regard high debt levels with complacency. Yet economists have learned much about dynamics of debt. This post looks at this cutting edge of economic theory, very relevant … Continue reading Fact & myth about the debt supercycle, a story of modern America