Daily Archives: 16 August 2018

A Crisis Deepens?

Posted on by
Reply

The People’s Republic of China has a serious debt problem, but its economy is still slowing (note, though: slower growth still is growth).  To try to control and reverse the trend, the PRC’s central bank is lessening capital requirements for the nation’s banks, pumping more money into the financial system, and urging commercial lenders to offer more loans at cheaper rates to small businesses.  Their answer to too much debt seems to be to pile on more debt, lower the backstop against failing loans, and devalue through inflation the currency needed to repay the debt.

Another day older and deeper in debt.
St Confucius, don’t you call me ‘cos I can’t go,
I owe my soul at the Chairman’s call.

The Will of the People

Posted on by
Reply

The West Virginia House of Delegates has returned articles of impeachment against every one of the sitting Justices of the State’s Supreme Court.  One Justice, Robin Davis, has resigned her post, doing so before any of the impeachment cases proceed to the West Virginia Senate for trial.  In her resignation press conference, Davis complained

The majority members have ignored the will of the people who elected the justices of this court.  They have erased the lines of separation between the branches of government.

The will of the people in electing Supreme Court Justices is overruled, is it?  Certainly it has been—by the will of the people as expressed in their election of the Representatives who voted for (and against) the impeachment. Those elected Representatives will be subject to the will of the people again, and much sooner than the Justices would be—the one stands for election every two (Senators, who will conduct the trial, every four years); the other only every dozen years.

Beyond that, it’s a critical function of the Legislature to remove misbehaving people from government, including those of the other branches of government.  This is what impeachment and trial proceedings are for.

The will of the people is being well served.