But Where Will The Fed Find Another

We're Living In A Dark Age Of Macroeconomics. Remember, What Defined The Dark Ages Wasn’t The Fact That They Were Primitive — The Bronze Age Was Primitive, Too. What Made The Dark Ages Dark Was The Fact That So Much Knowledge Had Been Lost, That So Much Known To The Greeks And Romans Had Been Forgotten By The Barbarian Kingdoms That Followed.

The Fact Is That The Two Years Or So After 9/11 Were A Terrible Time In America – A Time Of Political Exploitation And Intimidation, Culminating In The Deliberate Misleading Of The Nation Into The Invasion Of Iraq. It’s Probably Worth Pointing Out That I’m Not Saying Anything Now That I Wasn’t Saying In Real Time Back Then, When Bush Had A Sky-high Approval Rating And Any Criticism Was Denounced As Treason. And There’s Nothing I’ve Done In My Life Of Which I’m More Proud.

The Habit Of Disguising Ideology As Expertise Has Created A Deficit Of Legitimacy.

Wealthy Americans Who Benefit Hugely From A System Rigged In Their Favor React With Hysteria To Anyone Who Points Out Just How Rigged The System Is.

I Predict That In The Years Ahead Enron, Not Sept. 11, Will Come To Be Seen As The Greater Turning Point In U.s. Society.