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Listening to Kindleberger …

“As I add the symptoms of aging: the demands for tariff protection and subsidies; intensive lobbying by contending interests for government favor; decline in productivity growth; low rates of savings and high levels of national, corporate, and housed debt; rising incomes of stars in finance, industry, sports, and entertainment and slippage of real income in […]

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Trump versus the Courts

Well, this is getting exciting. For those of you who are trying to keep up with events: don’t concern yourself.  The cloud of dust that is the Trump administration has a short shelf life.  So cheer up. For those of you who worry about constitutional matters: panic. We are just getting warmed up. That some […]

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Sticking to the Script

Another morning, another mess to clean up.  The White House needs to employ a bevy of those folk who used to follow parades.  You know the ones.  They had buckets to clean up after the horses.   Horses, though, are merely answering the call of nature.  What spews forth from the current White House is […]

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