Worthy of resurrection now that we have Donald Trump as President with a compliant Congress to do his bidding. Will he be as erratic with economic stewardship as he is with foreign policy? Will he get a chance to push economic policies that have the obvious intent of enriching elites at the expense of everyone else, only to bring about an economic tailspin that eventually hurts the elites?
It is worth remembering that eight-year bull markets rarely sustain themselves. Character matters greatly with leaders, which explains why the Armed Services put so much emphasis into the establishment of character in military cadets. It's possible to have great character without having been a soldier, but unless one has a severe handicap someone with great character usually becomes a fine soldier or officer. Barack Obama would have been an excellent officer from Second Lieutenant through at least Colonel in the Army. But he is about as much as a spit-and-polish leader as one can get away with in civilian life.
Donald Trump? He would have been fragged if he weren't court-martialed.
It is worth remembering that eight-year bull markets rarely sustain themselves. Character matters greatly with leaders, which explains why the Armed Services put so much emphasis into the establishment of character in military cadets. It's possible to have great character without having been a soldier, but unless one has a severe handicap someone with great character usually becomes a fine soldier or officer. Barack Obama would have been an excellent officer from Second Lieutenant through at least Colonel in the Army. But he is about as much as a spit-and-polish leader as one can get away with in civilian life.
Donald Trump? He would have been fragged if he weren't court-martialed.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.