A Harvard Professor explains the populist revolt against immigration & globalization

Summary: I try to bring readers useful and interesting expert opinion. Here's a mother lode of insight about immigration -- articles by Harvard professor George Borjas. His work is essential reading to understand the rise of populism in the US and Europe (it's not just racism and xenophobia, as our elites would like you to … Continue reading A Harvard Professor explains the populist revolt against immigration & globalization

Does exporting democracy fan the flames of hatred around the world?

Summary:  Here's an interesting review of an important book about an unpleasant side-effect of the West's most powerful exports:  democracy and free-market economies.  The theme song for globalization should be "The World Turned Upside Down". . Review of World on Fire: How Exporting Free-Market Democracy Breeds Ethnic Hatred and Global Instability by Amy Chua (Prof … Continue reading Does exporting democracy fan the flames of hatred around the world?

Globalization and free trade: wonders of a past era, now enemies of America?

Money world

Summary:  Something is wrong with America, rendering our society incapable of connecting effectively to reality.  Who can tell what has caused this social illness, a form of cultural Alzheimer's?  The symptoms appear in many aspects of our national public policy, an inability to effectively take collective action in critical areas such as energy, geopolitics, and management of our economy.  This is … Continue reading Globalization and free trade: wonders of a past era, now enemies of America?

Status report on the financial crisis: we’re at a critical point in time

Summary:  Here is a brief report with conclusions only.  The situation is moving too rapidly and become too complex for explanations.  This post describes the natural evolution of the trends I have written about for the past year, which are now reaching a climax.  Not yet, but soon we will be able to see the shape of … Continue reading Status report on the financial crisis: we’re at a critical point in time

The geopolitics of inflation, an introduction

Summary:  inflation is probably not what you think it is.  Especially today.  Note the comments for quotes about this from major economists.  To see how this applies to us today, go to Debt – the core problem of this financial crisis, which also explains how we got in this mess. . This essay sketches out in … Continue reading The geopolitics of inflation, an introduction