So much confusion would be avoided if we reminded ourselves now and again that economics began not as a search for order but as a search for the explanation of the order that was too obvious to miss.
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The Democrats destroyed the Republicans in the midterms, and finally, for the first time since Netanyahu convinced Trump to start a war with Iran, politics are funny again!
The midterms didn’t just bruise Republicans, they humiliated them, and I think the clearest explanation isn’t a sudden national conversion to Democratic ideology. The vote looks like a blunt punishment of Donald Trump’s second-term priorities, with one issue towering...
Election night coverage is usually sold as a scoreboard, but we treat it like a stress test for the whole system. While results roll in, we argue about what a “blue wave” actually means if it’s powered by disappointment, low enthusiasm, and voters choosing to sit out...
