Tag Archives: Georgia

Biden’s Presidency Will Succeed or Fail in Georgia January 5th | Election 2020 14

It’s interesting how far my politics have evolved. If you had told me in 2014 that this channel would include a full-throated call for more stimulus spending, even after a year with a near 4 trillion dollar US budget deficit, I would have been appalled. I’m in surprisingly strong company. The inflation hawks and bond vigilantes on Wall Street have mostly retired in failure. The new generation is now just as eager for a big spending government as I am. What happened to all of us was… events. An under-appreciated aspect of Donald Trump’s presidency is the way that he sort of blew up the argument for fiscal conservatism. The Republicans let him do all the economic stimulus that they denied Obama, and the economy really did kick into higher gear. The threatened inflation never happened, and while people are a little less eager to buy our debt, the Federal Reserve seems to have stepped into the breach without consequences.

The only thing standing in the way of the emerging “magic money” era is the Republican Senate. And they’re only standing in the way until they can put a Republican back in power. Which is way I think we shouldn’t let them do that, as I lay out in today’s video on Georgia’s January 5th elections. As I briefly note in this video, however, I still suspect that those failed bond vigilantes and Republican Senators may actually be right. The British Empire fell because it ran out of people willing to give them money, and I think it’s likely that will be the case with us as well. We just don’t know the time scale. And as Keynes pointed out, “In the Long run, we’re all dead”. 2021 is not the year to try to solve the national debt.

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Great Power Competition is a Myth | Avoiding the British Empire 6

With today’s video I try something new. Most of my video scripts come to me more fully formed, in a rush of inspiration. With this “Avoiding the British Empire” series, I’m trying something more ambitious. The first 9 episodes of the video series are meant to work with each other, building the case, and helping viewers arrive at a picture of the world that grows with each installment. The series is meant to be greater than the sum of its parts. I’m not sure this has been entirely successful. I tend to focus on making discrete points and individually successful videos. My writing process is like that as well. This series is the first I can think of, where multiple videos started out as “Oh, I need to do this in this video”, rather than as a loose collection of thematically related issues. Many of the videos in the series predated the over-arching series structure. Today’s video did not. What do you think?

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Was South Africa Better Off Under Apartheid?

I occasionally enjoy running one of these snippets, and you may see more of them. Once a month I do a live chat that ends with a lengthy Q & A. Occasionally I like one of my answers enough that I think it deserves being re-cut into its own video. This is probably the least articulate of the videos I have done this with, but I think the anger is appropriate, and I think the necessary point is completely made. What do you think of these sorts of videos? Fun to surface them, or best to leave well enough alone?

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Amazon HQ2 Is A Scam | The Capital I

The Amazon HQ2 competition has gotten a lot of attention. People aren’t thinking this through. There is one location that is almost certain to get the new headquarters. Washington, DC is where the future of Amazon as a company will be decided, so that’s where Amazon needs to be. All this other stuff is window dressing, and information gathering for Amazon’s already formidable data machine.

I’ve decided to use this video to kick off another one of my periodic jeremiads about the growing centralization of power in the United States, and the fact that all that power is pouring towards Washington, DC, or at least will be. Back before Trump was elected I used French history to illustrate what happens when you do away with local sources of power. Also of interest is my discussion of the true network of power that runs the united states, and my long discussion of the military industrial complex.

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Video Transcript after the jump…

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