Sunday, January 17, 2021

Turning the Knobs



Globalism = low inflation (for a while)


Globalism = negative balance of payments


Negative balance of payments = higher national debt


Higher inflation = lower (effective) national debt


Globalism = slow economic growth


Globalism = declining middle class


Globalism = higher unemployment


Higher unemployment = larger lower class


Declining middle class = social unrest


Slow economic growth = social unrest


Slow economic growth = higher national debt


Higher national debt = higher taxes


Higher taxes = slower economic growth


Low inflation = low interest rates


Low interest rates = higher national debt 


Lower interest rates = weaker dollar


Weaker dollar = better balance of payments


Low interest rates = rising stock market


Rising stock market = expanding upper class


Expanding upper class = socialism


Expanding upper class = globalism




Afterward: If nothing else I hope the above has demonstrated that a single variable, like globalism, can not account for the success or failure of America. This is equivalent to believing that carbon dioxide is the reason our climate changes.


Both dynamics are multi-variant and complex to the point that modeling is only suggestive ... not determinative. In both cases, the only sensible approach is heuristic ... not dogmatic.



STAND UP FOR AMERICA!


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