...& how did it become the most effective civilization at expanding its citizen base since the Romans? & how did it become a feminist-friendly economy—or did it? Was the New Deal Order a design or an accident, & was it a success or a failure, & was its 1970s end a mercy or a mistake? Where and how and what Silicon Valley? What happened to equality of opportunity as an ideal? & why could the Neoliberal Order not apply the standard playbook to deal with the 2007-2009 Global Financial Crisis?... 2/
< https://braddelong.substack.com/p/a-draft-syllabus-for-econ-113-american > What I see as the big questions of American economic history: How is America “exceptional”? What about its comparative & historical situation primed it to become “exceptional”? How did the conquest-expansion economy of the 1700s & 1800s work? How did a country that ought to have been a gigantic resource-exporting Australia become a manufacturing powerhouse instead, or as well? & how did it become THE technological leader & pioneer of mass-production too?... 1/
< https://braddelong.substack.com/p/a-very-peculiar-kind-of-triumph-of > Fact: those with justified true beliefs about the state of issues like crime, inflation, immigration, and the state of the stock market overwhelmingly supported Harris. So did Trump voters believe lies because Trump told them to, or were they Trump voters because they believed lies? And how do Republicans—for we Democrats cannot do it, as a key part of the structure of misinformation is that nothing we say can be believed—who want a better politics and a better... 1/
< https://braddelong.substack.com/p/truly-sundowning-in-america-donald > You cannot rely on print-journalist stories or TV news-reporter & anchor snippets if you want to get a sense of how Donald Trump is out of it—unable to follow his own chain of thought for more than a minute:
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Truly Sundowning in America: Donald Trump Is Not Well at All The print-media sanewashing of this event is very strong. Watch the whole thing. Especially watch Dakota Governor Noem try to orient Trump to time, place, activity, what to do next—&... 1/
Yes, Adam Smith discovered and built a huge hammer in his theory of the self-regulating market. But he did not thereafter think everything was a nail: his skepticism with respect to the doctrine of leaving everything to the market was profound:
What Factors Do We See That Might Upend America's Soft Macroeconomic Landing? Hint: the big threatening factor is not that the Federal Reserve is likely to reduce interest rates too much too soon. It is, rather, the threat of a Trump-led Fed War next year... < https://braddelong.substack.com/p/what-factors-do-we-see-that-might > 2024-05-15 We