Monday, March 20, 2023

Will and the World Wars

It’s dourly fascinating how a good thing, say the raising of interest rates by the fed to slow inflation, nets both good and bad results. Yes, raising interest rates has curbed inflation, but it’s also caused a run on some banks. The downside of more jobs is the possibility of an overheated economy and again inflation. Whether there was malfeasance involved in the suspicious sale of stock by SVB executives several weeks before the bank’s failure is currently the subject of investigation by the Senate. Or take another example from the international sphere. Glasnost, Perestroika and the taking down of the Berlin Wall were all welcome, but they led to "paranoiastroika"—about a diminishing of Russia's importance on the world stage. By the same token Versailles led to Hitler and Obama to Trump. What about the politicization of the Supreme Court? MAGA Republicanism? Will the judiciary be reshaped? Will a third party elect Liz Cheney president?

read "MAGA and the Coronavirus" by Francis Levy, The East Hampton Star

and listen to "Pain in My Heart" by Otis Redding

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