Coronanomics 101 Remember “too big to fail,” the rationale for the government’s bailout of banks and large corporations during the 2008-09 Global Financial Crisis? Doing so was challenged as creating an unacceptable “moral hazard,” the danger that American companies thereafter would rely on the government...
The Federalism Wars: The Covid-19 Battle America’s Constitution divides sovereignty between the Federal government and State governments. It creates a power-sharing system – a federation with both centralized and fractionalized powers. Like any joint undertaking, success requires a fine balance, a give-and-take. It isn’t quite “All...
The Hegemon’s Handbook China has a goal. It’s a pretty straightforward one. It wants to take over the world. Not quite like Dr. Evil …, but not so different either. It wants to be the one and only global hegemon, a position it held for most of the past...
This Time is Different – A Redux As Mark Twain reputedly said, “History doesn’t repeat itself, but it often rhymes.” Is history repeating itself today? Or is it merely rhyming? Economists and historians make their livings based on the maxim that cycles – whether economic, social or...
Education in the Time of Covid-19 America became the greatest nation on Earth because America’s educational system was the best on Earth … from elementary school through high school, at the college level and at postgraduate levels, for private as well as for public schooling. Uniform...