- by New Deal democrat
Four years ago I wrote “Those Who Cannot See Must Feel,” which is
the translation of an old German saying that I used to hear from my grandmother when I misbehaved. It is pretty clear that, over the next four years, the American public is going to do a lot of feeling .... The results will range somewhere in between bad, disastrous, catastrophic, and cataclysmic, depending on how badly foreign affairs are bungled and how much basic norms of republican government irreversibly give way to despotism.... every [other] country in the world which has a Madisonian presidential system ... ha[s] [ ] somewhere along the line fallen into despotism. I believe that the answer until now has been that the US is the only country which had not succumbed ....I have some hope as to the former because both China and Russia are smart enough to figure out that they can get what they want by bribing Trump without resorting to armed conflict. As to the latter, unfortunately, I hold out little hope.... there is not the slightest reason to believe Trump will allow himself to be constrained by, well, anything..... I have no illusion that we can do anything to prevent what is now directly in front of us.
I touched somewhat on economics, noting that
demand side economics which target ordinary Americans works better to improve their lot. In simple terms, give a wealthy man money and he will hoard most of it. Give an ordinary person money and they will spend it. Spending has a bigger multiplier effect than hoarding.