Dark Sciences

We have learned from our current pandemic that epidemiology is a grey science ... not a dark science like climatology and economics. — Anon.

Play It Southward

If the United States was responsible for boosting  its southern neighbor, Mexico, economically ... why isn’t Mexico then not obligated to stabilize Central America’s economies?

Flummery

But Alexandria Ocasio-Cortez is a  cum laude graduate in economics from Boston University ... for whatever that is worth. She is also proposing a Green New Deal which has been endorsed by Kamala Harris, Kirsten Gillibrand, Ed Markey, Cory Booker, Elizabeth Warren and Bernie Sanders (a total of 64 Democrat co-sponsors) ... whom Trump has tongue-in-cheek endorsed  for endorsing this bit of flummery.

Savant Idiot

Larry Summers, onetime Treasury Secretary, President of Harvard (who left under a gaff cloud) and now a cable-news chattering head, last week poo-pooed President Trump's attempt to re-balance our international trade. He said on CNBC that he buys lots at his supermarket but it buys nothing from him ... and this is not a disaster. Thus, h,  a renowned economist, is implying that our huge trade deficits with China are not a worry.

To hear such liberal tripe from such a powerful voice in American policy making shocked me to the core ... and suggest why our country has been asleep at the switch for the last 25 years. Now, I am not a PhD. in economics, but I do know that Summer's has his bubble-head in the clouds on at least this issue ... for these reasons:

- Summer's supermarket analogy is misusing microeconomics. Asserting that this micro conclusion applies to macroeconomics is another gaff by one who clearly should know better.

- If Summers were employed by the supermarket he shops at ... and it bought his services as the other half of his analogy, then let's finish this lesson. If Summers spent much more there than he earned (like the current China trade analogy) them this supermarket would be the classic "company store" ... to which Larry would soon "owe his soul."

- The U.S. has been running growing trade defies with China for decades ... last year totaling about $375 billion. China then uses this sovereign wealth to but American assets. It would not take many more years of such an imbalance before China would effectively own the United States -- not a circumstance any of us (including Summer's I assume) would want to impose on our issue.

QED: Larry Summers is a savant idiot.

One Finger Salute

I have previously predicted that President Obummer would do many things in his last year in office to show his disdain for the American people ... see: Hell Year and Skulduggery. Now we see yet another of his one-finger salutes ... coming on the heels of the San Bernardino, Paris and Brussels Islamic terrorist attacks ... and defying the obvious concerns of his citizenry. Obummer is re-pledging to admit 100,000 Syrian immigrants to the U.S. this year ... not in 2017 as he originally dictated ... posing an obvious threat and economic burden to the communities wherein they are to be settled ... see: Washington Examiner Story.

Me thinks that the more criticism that Obummer gets, the more punishment he intends to inflict on us. Maybe we should try a different tactic and distract him for another ten months with oodles of paeans, encourage him to play more golf, and have him teach economics at Columbia ... he is obviously well qualified ... see: Real Clear Politics.