{"id":13383,"date":"2021-05-14T09:10:02","date_gmt":"2021-05-14T16:10:02","guid":{"rendered":"http:\/\/victorhanson.com\/wordpress\/?p=13383"},"modified":"2021-05-14T09:10:10","modified_gmt":"2021-05-14T16:10:10","slug":"biden-mocks-ancient-wisdom","status":"publish","type":"post","link":"https:\/\/victorhanson.com\/wordpress\/biden-mocks-ancient-wisdom\/","title":{"rendered":"Biden Mocks Ancient Wisdom"},"content":{"rendered":"\n
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School of Athens<\/em> by Raphael, Public domain, via Wikimedia Commons<\/figcaption><\/figure>\n\n\n\n

Victor Davis Hanson \/\/ American Greatness<\/em><\/p>\n\n\n\n

Human nature stays the same across time and space. That is why there used to be predictable political, economic, and social behavior that all countries understood.<\/p>\n\n\n\n

The supply of money governs inflation. Print it without either greater productivity or more goods and services, and the currency cheapens. Yet America apparently rejects that primordial truism.<\/p>\n\n\n\n

The United States has borrowed about $29 trillion in debt\u2014about 130 percent of its annual gross domestic product. The government will run up a $2.3 trillion annual budget deficit in 2021\u2014after a $3.1 trillion deficit the year before.<\/p>\n\n\n\n

READ MORE….<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Victor Davis Hanson \/\/ American Greatness Human nature stays the same across time and space. That is why there used to be predictable political, economic, and social behavior that all countries understood. The supply of money governs inflation. Print it without either greater productivity or more goods and services, and the currency cheapens. Yet America […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[1],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p466Sb-3tR","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":11960,"url":"https:\/\/victorhanson.com\/wordpress\/trump-or-what-exactly\/","url_meta":{"origin":13383,"position":0},"title":"Trump \u2014 or What, Exactly?","author":"victorhanson","date":"August 28, 2019","format":false,"excerpt":"Victor Davis Hanson \/\/ National Review In traditional political terms, there is always an alternate agenda to an incumbent president\u2019s that reasonable voters can debate. In Trump\u2019s case, two massive annual budget deficits \u2014 coming on top of the previous two administrations that doubled the national debt \u2014 seem fair\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2868,"url":"https:\/\/victorhanson.com\/wordpress\/american-mob-rule\/","url_meta":{"origin":13383,"position":1},"title":"American Mob Rule","author":"victorhanson","date":"March 30, 2009","format":false,"excerpt":"by Victor Davis Hanson Tribune Media Services In the last three months, we've been reduced to something like the ancient Athenian mob \u2014 with opportunistic politicians sometimes inciting, sometimes catering to an already angry public. The Greek comic playwright Aristophanes once described how screaming politicians \u2014 posing as men of\u2026","rel":"","context":"In "March 2009"","block_context":{"text":"March 2009","link":"https:\/\/victorhanson.com\/wordpress\/ahref=\/index.php\/categories\/angry-reader\/categorylink\/a\/archives\/2009\/march-2009\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13076,"url":"https:\/\/victorhanson.com\/wordpress\/radical-new-rules-for-post-america-2\/","url_meta":{"origin":13383,"position":2},"title":"Radical New Rules for Post-America","author":"victorhanson","date":"April 1, 2021","format":false,"excerpt":"Victor Davis Hanson \/\/ American Greatness There are 10 new ideas that are changing America, maybe permanently.\u00a0\u00a0 1) Money is a construct.\u00a0It can be created from thin air. Annual deficits and aggregate national debt no longer matter much.\u00a0 Prior presidents ran up huge annual deficits. But at least there were\u2026","rel":"","context":"With 3 comments","block_context":{"text":"With 3 comments","link":"https:\/\/victorhanson.com\/wordpress\/radical-new-rules-for-post-america-2\/#comments"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":173,"url":"https:\/\/victorhanson.com\/wordpress\/the-kingdom-of-fairness\/","url_meta":{"origin":13383,"position":3},"title":"The Kingdom of Fairness","author":"victorhanson","date":"December 12, 2012","format":false,"excerpt":"by Victor Davis Hanson Tribune Media Services We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.\u2026","rel":"","context":"In "Debt and Deficits"","block_context":{"text":"Debt and Deficits","link":"https:\/\/victorhanson.com\/wordpress\/ahref=\/index.php\/categories\/angry-reader\/categorylink\/a\/politics\/debt-and-deficits\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12398,"url":"https:\/\/victorhanson.com\/wordpress\/victor-davis-hanson-the-spreading-debt-virus-5-potential-cures-for-30-trillion-problem\/","url_meta":{"origin":13383,"position":4},"title":"Victor Davis Hanson: The spreading debt virus \u2014 5 potential cures for $30 trillion problem","author":"victorhanson","date":"May 29, 2020","format":false,"excerpt":"Victor Davis Hanson \/\/ Fox News The current\u00a0U.S. budget deficit\u00a0could soon exceed a record $4 trillion. The massive borrowing is being driven both by prior budget profligacy and a hurried effort by the\u00a0Donald Trump\u00a0administration to pump liquidity into a quarantined America. The shutdown has left the country on the cusp\u2026","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2799,"url":"https:\/\/victorhanson.com\/wordpress\/questions-from-oceania\/","url_meta":{"origin":13383,"position":5},"title":"Questions from Oceania","author":"victorhanson","date":"May 10, 2009","format":false,"excerpt":"by Victor Davis Hanson PJ Media Who will Lend? We are going to spend over $3.5 trillion next year, run up an annual debt of $1.7 trillion, and are on schedule to add another $9 trillion to reach an aggregate debt of $20 trillion in eight years. The Obama administration\u2026","rel":"","context":"In "May 2009"","block_context":{"text":"May 2009","link":"https:\/\/victorhanson.com\/wordpress\/ahref=\/index.php\/categories\/angry-reader\/categorylink\/a\/archives\/2009\/may-2009\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/posts\/13383"}],"collection":[{"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/comments?post=13383"}],"version-history":[{"count":1,"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/posts\/13383\/revisions"}],"predecessor-version":[{"id":13385,"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/posts\/13383\/revisions\/13385"}],"wp:attachment":[{"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/media?parent=13383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/categories?post=13383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/victorhanson.com\/wordpress\/wp-json\/wp\/v2\/tags?post=13383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}