Juggling Dynamite

Mr. Trump sounded encouragingly more conciliatory and serious in his 60 Minutes interview.  But the most important issue facing humanity today is one that 60 Minutes didn’t ask him about.  Above all our festering on the minutiae of social difference, all people on planet earth have the same need for a sustainable environment.  While Trump had ridiculously said that climate change is a hoax perpetrated by the Chinese, he has also said that he believes in clean water and air (pragmatic view!)  Let’s go with that then:  these are two key reasons why the global energy system must and will evolve to renewable power.

We have a president-elect who doesn’t believe in climate change. Millions of people are going to have to say: Mr. Trump, you are dead wrong. pic.twitter.com/Xc77gh3Iui

— Bernie Sanders (@SenSanders) November 13, 2016

Also see: Climate experts weigh in on Trump’s election win

Former Reagan Budget Director David Stockman on the need to rein in America’s mounting debt. Here is a direct video link.

John Hussman explains the present economic challenge well today in Judging Economic Policy:

“The primary source of failure in the U.S. economy over the past 15 years has been a policy environment aimed at encouraging consumption over productive investment. Those policies have been dominated by the Federal Reserve’s quest to punish saving, fuel debt-financed consumption, and produce an illusory “wealth effect” from financial speculation. The chart below shows the 10-year average of net domestic investment (gross domestic investment, less depreciation) as a fraction of U.S. GDP. If you’re looking for the root of U.S. economic stagnation, there’s your trouble.”