President Obama seems reluctant to lay down the gauntlet or to use his oratorical skills to shame the arrogant, make mad the guilty, or cow the slanderous who would break down the walls protecting us from free market abuse.
The congressional midterm elections are less than 100 days away, and our political elites are debating whether we need more government intervention in the economy or less government and less regulated market activity.
Believe it or not, there actually are Democrats and Republicans -- lots of them -- committed to robust international engagement, smart foreign aid, and coherent and sensible U.S. international public diplomacy.
Despite the temptation to oversimplify a complicated world by being a bull or bear, we are sticking with the mixed bag theme. In an economy full of both positive and negative events, there is no other logical conclusion.
Four to five percent of the population is born without a capacity for empathy. It is a neurological lack. A psychopath may be a genius and become a multimillionaire, but he will never be able to understand empathetic values.
The polling business is far more of an art than a science, and is easily manipulated. Even so, a poll recently released by Third Way -- seemingly designed to try and talk Democrats out of using populist rhetoric -- is nothing short of malpractice.
A failure of imagination, a lack of persistence and a deadly complacency is eviscerating our economy. And millions of Americans are paying the price. Let's not settle for the incremental that can only preserve the status quo.
Economics should allocate resources efficiently, but not to maximize the short-term welfare of individuals - rather, to avoid catastrophes and to contribute to long-term sustainable survival of mankind in an acceptable state.
During the world's last inflationary period in the 1970s, the West witnessed social unrest of the most acute kind, bordering at times on anarchy. If stagflation can lead to anarchy, hyperinflation can lead to and has led to much worse.