The two posts immediately below deal with Trump’s fundamental misunderstanding of how money and interest rates work. One quotes in full a Wall Street Journal Editorial Board piece published late yesterday. The other gives some context: it explains why the fact that these truths are now coming from the WSJ Editorial Board, not some other publication, is a man bites dog story, not a mere dog bites man piece of news.
This is correct as far as it goes, but it does not go far enough. There are all manner of things that I do not understand. But that does not mean that I engage in magical thinking. I do not fancy myself the God of Genesis 1—who just says things, and then they are so.
King Canute knew that he could not make the tide turn back just by telling the tide to turn back.
Trump thinks that King Canute was wrong.
We have elected someone with severe mental illness.
Those who voted for him are getting the president they richly deserve.
Facing MAGA 