The Google Election
We are witnessing the governmentalization of private industry, the turning of supposedly private enterprises into state apparatuses, and the growth of the state through putatively private extensions of it.
We are witnessing the governmentalization of private industry, the turning of supposedly private enterprises into state apparatuses, and the growth of the state through putatively private extensions of it.
"We’re already past any of these illusions about democracy or politics or constitutionalism. I would argue that we’ve reached the point where loving our country requires us to identify and begin to separate the various nations which are within it. I think there’s nothing more important today."
This victory is not of one candidate or party over another in this race or that, but rather a resounding ideological defeat of one of the most illiberal and menacing forces we face at the moment: technocracy.
The Japanese experience offers valuable lessons for the US and Europe. A loose monetary policy can stabilize a recession for the short term, but a persistent flood of cheap money paralyzes productivity gains and growth.
Strict lockdowns have devastated millions of families' incomes while failing to bring success in suppressing covid mortality.
Unless the Left's opponents focus on changing voters' ideological drift to the left, candidates who want to actually win elections will have to keep moving left also.
A trade deficit isn't actual evidence that anything is wrong. But if it were, one of the best things to do would be to reduce government spending. Unfortunately, politicians disagree.
Pollsters, many of whom predicted an overwhelming "blue wave," obviously failed miserably as reliable gauges of political sentiment. But prediction markets may offer an alternative.
An economic depression is not caused by the collapse of the money stock, but rather by the collapse of the pool of real savings. This is set in motion by previous monetary pumping.
Grand invocations that "I will unify us" are actually shorthand for "We mean to get our way, regardless of others' well-being and desire."