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.
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
Summary: Now that the El Niño appears to have peaked, journalists tell us how horrific the damage is so far (most of the effects on America lie ahead). Let's see what they say -- and what NOAA says. Spoiler: don't believe the clickbait. NOAA, conservative and accurate as usual, says in their Jan 14 El … Continue reading How much damage has this El Niño done?
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
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