public opinion poll

Does the US government have the American people’s consent to govern?

Summary:  Does the American government retain the consent of the American people?   What does that mean?  The possibility of hard times ahead makes these theoretical questions of great practical importance.  Polling data shows widespread dissatisfaction.  Glenn Reynolds gives one interpretation, suitable for a nation for whom “it’s not my fault” has become the national mantra.  But perhaps we should …

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A look at our government’s debt – rising because we like to spend

One of the great similarities of our economic downcycle and Japan’s two decade long journey to oblivion:  both are periods of economic stress caused by private sector deleveraging — in which the government mitigates the resulting pain by borrowing and spending.  Japan’s government has run up terminally large debts, on a gross basis equivalent aprox to 2x its GDP.  We’re on the …

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Media madness #1 – their lies and ignorance make us stupid

Critics (like me) have railed about the flaws of the old media.  Media experts, such as Clay Shirky, have warned that the new news media might be worse.  Today we look at evidence supporting their fears. Here we see the essence of making us stupid Internet websites, 21st century propaganda machines.  It’s not that their analysis was …

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