Excellent exegesis of the election as always Mish, however the following statement ironically describes the problems with economic “theory” today on both sides of the aisle:

“the whole point of building a model, in some sense, is to set clear rules ahead of time so you don’t have to trust your gut or make ad hoc assumptions in midstream.”

IOW capitalist and socialist theorists are caught in an unresolving duality due to their theoretics not creating known and enforceable barriers but won’t/can’t breakthrough to a resolving thirdness due to rigid orthodoxy and failing to find the key factor that keeps the present chaos in force.

The new monetary paradigm of Strategic Monetary Gifting that breaks up Finance’s monopoly paradigm of Debt Only and the 50% Discount/Rebate policy at the various points of retail sale out does the profitability of capitalism and out economic democracy’s socialism.

wisdomicsblog.com