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Ned’s first law of politics

It’s a pendulum, and when it swings too far left, it swings back to the right. Too far right and we swing back to the left. That’s where we are now.

The driving issue is economics.

I came across a story on CNBC about the Federal Reserve’s growing concern about income inequality. The issue faded somewhat after the Occupy Wall Street movement fizzled, but it will make a comeback. The left will make sure it does, because it is powerful ammunition for them.

Income inequality peaked in 1928, just before the Great Depression, and the progressive message then found wide support. It peaked again in 2007, just before the Great Recession. If the middle class doesn’t start making real economic progress soon, the pendulum will continue its swing to the left.

By the way, this should come as no surprise to anyone. Plutarch, the Greek historian born in 46 AD, said “An imbalance between rich and poor is the oldest and most fatal ailment of all republics.”