Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Friday, March 15, 2024

Drivers, Start Your Engines

 It's time for Alvin Bragg and now Fani Willis to bring legal accountability to Donald Trump. Ideally two convictions in NY and GA will finally move the needle away from "Biden is old" to "Trump is a criminal".

I saw a video of a social scientist arguing that the most important person of 2023 was Jerome Powell, the Chairman of the Federal Reserve. His argument was that he was able to quell inflation without triggering a recession. He further argued that "inflation causes revolutions" which is a provocative but compelling argument.

Yet low levels of inflation remain problematic at over 3%. The best case for Biden was that inflation was under control and people begin to see real wages turn into greater economic security. That does not seem to be happening, even accounting for the lag between good economic news and people's gut level understanding of that good news.

So...yeah...jail.

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