Think of this as Volume 18, Number 43 of the newsletter I have written weekly since March, 1997. Enjoy.
What’s remarkable about the current crisis is how relatively non-violent it has been. This has extended the period of crisis.
Yes, there have been small wars, and police killings, and random violence. But we haven’t had a Vietnam, a World War II, or a Civil War. Global prosperity is actually high and rising, with millions in Africa and Latin America leaving extreme poverty every year.
In retrospect, this means Barack Obama will be seen as one of the great Presidents.