The model is the 1970s revenue sharing. But this is beyond anything Trump understands..
Fears Mount About Inflation Returning With a Vengeance
Fears Mount About Inflation Returning With a Vengeance
Ask instead why we will get more stagflation then we gt after the Nixon shock. hy would we deliberately do worse than Nixon when we have his example, and all the events that followed are reviewed? Or why would we observe our history with Roosevelt, then deliberately make matter worse? Ask Scott Sumner, he is the pro on how Roosevelt did it.
So, one has to explain how we got dumber over time, not smarter. Why has the revenue sharing agreement not been discussed since the municipal bankruptcies are pending? Why do economists still act as if the government were stable? It is Constitutionally unstable by design. How do economists spend their whole career floundering without ever understanding this issue? Do they issue stupid pills in college, forcing the students to swallow one of the prior pills? Have our academics become stupid over time? We may have simply become too stupid over time to make our unstable government a little less unstable.
Another:
The National Debt Dilemma
Another:
The National Debt Dilemma
Council on Foreign relations has this article. They mention WW2 debt, but then go moralizing. They failed to mention that we have been here done this twice in recent memory, we have an instruction guide. The assumption, each time, is that this time is not really different. But no time is really different. What is the problem of recognizing the our unstable government is unstable? It is written into the Constitution. Where does all this stupidity come from? Who has been brainwashing the kids?
Same stupids at WSJ:
Limit Governors’ Emergency Powers
Same stupids at WSJ:
Limit Governors’ Emergency Powers
Residents and business owners want lockdown relief, but few legislatures have any way to intervene.
Just like that the WSJ forgets about the Constitution. How did we all get so stupid?
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