Summary: Our government's debt grows, imperiling not just its solvency but our very self-confidence in ourselves, and in our political regime. Can we reform before the end? Read this essay to learn the answer. And rejoice! . Read and learn from the money paragraph of "Why Democracies Fail", often attributed to Alexander Fraser Tytler (Lord Woodhouselee, … Continue reading Fear not! America will not fall due to its citizens’ imprudence. We’ve found a sure solution.
Summary: The Federal Reserve has become one of the most powerful government agencies, operating almost free of checks and balances. Worse, it represents one of the most outrageous examples of regulatory capture, private interests taking control of agencies intended to supervise them. Today we have Michael Hudson to explain to use the significance of these events. An … Continue reading What every American needs to know about the Federal Reserve System
Summary: More evidence that I'm wrong, that greater public participation will not by itself benefit America. Decades of learned ignorance (aka intense propaganda) have left us too ignorant. We're living in dreamland. Only a crash will restore our awareness of the real world. China's leaders probably read such articles and smile (or laugh). Fascinating but … Continue reading A poll shows the source of America’s problems
Summary: US constitutional law discusses illegitimate government motives, purposes, and actions. But political extremists have long labeled our political regime itself as illegitimate. Now such views move into the mainstream. It's poison, preventing rational discussion and compromise -- much as the discussion about slavery turned toxic in the decade before 1860. This post looks at an … Continue reading Is the US government illegitimate? If so, does that justify violent revolution?
Today's reading explains the origins of American's dysfunctional public policy, from Lewis Lapham's Lights, Camera, Democracy! (2001), a book I strongly recommend every American read. He paints portraits of us. Insightful, although they’re seldom pretty. Let's hope they’ll help shock us back to consciousness. Excerpt from Chapter One - Versailles on the Potomac Every administration has no choice but … Continue reading Another look in the mirror at America