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WHY THE DEMOCRATS LOST: Because they cannot win unless they explain Keynesian economics and inform the public of the dramatic reduction in federal spending and federal employment since 2010—and the consequences of it. Obama will not (or, intellectually, cannot) do that. So others must.

…from running for the presidential nomination—couldn’t explain Keynesian economics, or cite healthcare coverage or healthcare-cost-reduction specifics, to save her life, yet she’s what will pass for the Dems’ fallback voice….

…The position that mathematics in economics is a) the best way to do economics and b) the only rigorous way to do economics can be attacked on two separate fronts….

House effects

…general public and explains the leftish implications of economics 101.) According to Smith and my semi reading, House argues that in economics the facts have a conservative bias. The evidence…