Attention Economy


Sunday, February 27, 2022

Are we Headed for a Replay of the 1970s?

Rampant inflation, foreign policy fiascoes and failed sanctions — is America back in a national malaise?
https://www.bloomberg.com/opinion/articles/2022-02-27/niall-ferguson-ukraine-crisis-is-turning-biden-into-jimmy-carter
A quote from President Carter’s infamous July 15, 1979 speech:
A crisis of confidence … strikes at the very heart and soul and spirit of our national will. We can see this crisis in the growing doubt about the meaning of our own lives and in the loss of a unity of purpose for our nation. The erosion of our confidence in the future is threatening to destroy the social and the political fabric of America. … Our people are losing … faith, not only in government itself but in the ability as citizens to serve as the ultimate rulers and shapers of our democracy.