An estimated 50,000 delegates, security personnel, media workers and others descended on Milwaukee, Wisconsin last week, where delegates to the Republican Party convention nominated former President Donald Trump to be its presidential candidate for the third time. That was before President Biden announced he would not run again, but nothing the Democrats do could have […]
America’s obsession with the President’s effort to prevent ye of little faith in his acuity, “bedwetters” as Biden surrogates labelled them, from assigning him to the scrap heap of history, shared attention with a series of seemingly unrelated events in Washington last week, all over-shadowed by the attempted assassination of former President Trump on Saturday, […]
Joe Biden promised to unite fractious Americans. He succeeded. Eight in ten registered voters tell pollsters he is too old, “should not be running for re-election … does not have the mental and cognitive health to serve as President.” Couldn’t want greater unity than that. Blame the Founding Fathers Americans unhappy that their choice is […]
“This was a game-changing debate. There is a deep, wide and very aggressive panic in the Democratic Party. It started minutes into the debate and has continued throughout the night.” That was John King, CNN’s chief national correspondent who has been covering politics for forty years, immediately at the close of the presidential debate. He […]
For the American superpower, foreign policy is an extension of economic policy. The economic decision to allocate resources between domestic needs and defence determines the role America can play in shaping the world order. Which is why our allies worry and our adversaries rejoice. Military Spending Shrinks As Dangers Grow Successive administrations have increased entitlement […]
This is your lucky week. A breakthrough in economic theory is about to relieve you of agonizing over the meaning of the plethora of data emissions on inflation. Liberal Democrats have identified the cause of inflation. It is price gouging by businesses. An easy problem to solve: re-elect Joe Biden. After all, Democratic congressional candidates […]
If American capitalism is to survive in any recognizable form, the capitalist and managerial classes that sit astride the great engine that is the American economy must recognize that they are the ones for whom the bell tolls. The capitalists include both the great risk-taking innovators – Musk, Jobs, Bezos, Zuckerberg – and the managerial […]
“Do I contradict myself? Very well then … I contradict myself; I am large … I contain multitudes,” wrote the great American poet Walt Whitman. Good enough for an American poet 170 years ago, surely good enough for an American President now. The result is a hodgepodge of contradictory policies. Creating Demand While Restricting Supply […]
The three recent, “hot” inflation reports “were higher than I think anybody expected” says Federal Reserve chairman Jerome Powell. Which is why last week’s Consumer Price Index, with core inflation posting the smallest gain since 2021, prompted cheers on Wall Street, already counting the benefits of soaring share prices. As did a report that retail […]
American presidents hate inflation, high interest rates, and any constraints on their spending. Lyndon Johnson triggered inflation by pushing through a large tax cut just when demands on the federal exchequer were soaring because of the financial drain from his New Society welfare state and the Vietnam war. When he was informed that Fed chairman […]