It’s a Mad, Mad, Mad World

Has the world gone mad? On one hand we have a Republican candidate who is the former host of “Celebrity Apprentice.” On the other hand, we have a 74-year-old Socialist who seems to believe “federal revenue is created by pixies.” Both candidates are polling about 30% for their respective parties. Then, course, we have another Clinton and Bush vying for the White House.

Talk about mad. The British Labor Party has cast its lot with a leader who would foment “the overthrow of capitalism.” The Syrian refugees crisis is unhinging European liberalism, and the Islamic State is destroying history, “while the pope is giving speeches on climate change.” Meanwhile, Janet Yellen “presides over what is literally a central bank black box.”

What’s going on, asks Daniel Henninger of the WSJ:

In the U.S. and Western world generally there is a spreading sense of weak or poor political leadership. Because he sits as president of the United States, the lead nation, Barack Obama bears responsibility for much of this madness. His conduct of the presidency, more than all the other pilloried persons in public life, led us to Donald Trump and Bernie Sanders.

Clearly madness releases one from the burden of responsibility, writes Mr. Henninger. But the hope is that as 2016 approaches, reality will set in and individual thought will replace the madness of crowds. Read more here from DH, who suggests that you might want to keep your gas tank full in case it doesn’t.

Bio
Latest Posts

Debbie Young

Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, and practicing yoga.