Gongol.com Archives: January 2017
When former Fed chair Ben Bernanke writes that, "to increase output without unduly increasing inflation the focus should be on improving productivity and aggregate supply", he's saying something totally different from what's coming out of the White House. In fact, it's almost 180 degrees the opposite. So if you don't expect them to satisfy the second part of the statement (focusing on productivity), then you'd better prepare for an inflationary situation.
A sobering thought: "Precisely because the problem is one of temperament and character, it will not get better. It will get worse, as power intoxicates Trump and those around him."
The Republican and Democratic parties are separately, and together, in basically their worst condition ever. More Millennials and Gen Xers identify as independents than as either Republicans or Democrats. Our one-person, one-vote/first-past-the-post voting system makes a two-party duopoly basically inevitable, but the current arrangement isn't stable.
Democrats with conservative fiscal views and moderate social ones are a rare breed now -- when they're needed more than ever
Anything with Sandra Bullock and Mindy Kaling has to be worth the price of a ticket