Could it be that we’re simply a victim of our own technology and the hubris acquired in response to its perceived capabilities?
History
Crisis Exposes Devastating Consequences of Fed Policy: Americans Have No Savings
Two weeks ago, during a March 17 address to the nation in response to the COVID-19 outbreak, President Donald Trump asked that Americans work from home, postpone unnecessary travel, and limit social gatherings to no more than 10 people. And last week, on March 27,...
Judicial Engagement & National Emergencies
A Curious Quote & A Historical Lesson “We repeat what was stated in Block v. Hirsh, as to the respect due to a declaration of this kind [an emergency] by the Legislature so far as it relates to present facts. But even as to them a Court is not at liberty to shut...
Warren Harding and the Forgotten Depression of 1920
It is a cliché that if we do not study the past we are condemned to repeat it. Almost equally certain, however, is that if there are lessons to be learned from an historical episode, the political class will draw all the wrong ones — and often deliberately so. Far...
Why Demographics is not Destiny
“Demographics is destiny” is a phrase uttered in some rightwing circles and quietly believed in some leftwing ones. In political terms, the phrase suggests either cultural or genetic determinism, or both—namely, that people of a particular culture, ethnicity, or race...
Will Coronavirus End the Fed?
September 17, 2019 was a significant day in American economic history. On that day, the New York Federal Reserve began emergency cash infusions into the repurchasing (repo) market. This is the market banks use to make short-term loans to each other. The New York Fed...
Outraged at Thomas Massie? You Shouldn’t Be
Thomas Massie, U.S. House of Representative from Kentucky’s 4th District, took a lot of heat for trying to force a voice vote on the House floor to pass the $2.2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act. In a glorious show of...
3/27/20 Andrew Bacevich: Judgement Day for the National Security State
Scott talks to Andrew Bacevich about the ways U.S. military spending over the last few decades has indebted our country and will continue to impoverish future generations. The mistakes go back to America's squandering of its Cold War peace dividend in the early 1990s,...
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