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politics	> Its correlation with increasing stock market gains has to do with other sectors of the economy absolutely collapsing and no alternatives for capital to be invested. No, it's correlation with increasing stock market gains is because the Fed had a policy of low interest rates and QE, both of which contributed to h...
politics	I think there are a lot of people who feel like when interest rates dropped to .25 QE was the quickest solution to the problem. People complain about inflation and how terrible it is, but if the dollar fell into deflation the results could have been far more disastrous. But it’s hard to know for sure, going back a...
politics	This analogy actually doesn't work as well on a macro level. For one, the US Dollar is the world reserve currency. If you want to buy oil from the Saudis, for instance, you have to pay in US Dollars. This means that dozens of rich Nations around the world are forced to hold a US Dollar reserve fund. The effect is th...
politics	>For one, the US Dollar is the world reserve currency. If you want to buy oil from the Saudis, for instance, you have to pay in US Dollars. This means that dozens of rich Nations around the world are forced to hold a US Dollar reserve fund. I remember hearing that the reason the US invaded Iraq wasn't to secure Ira...
politics	The Middle East as I understand largely boils down to ensuring that the Saudis sell oil using the US dollar. Local cultural tensions is largely a result of decades of other countries making the large decisions: e.g. Britain drawing shitty borders. This means the US is extremely economically incentivized to protect the...
politics	we're talking like 8th and quarters of a point- its nothing substantial, and like you say above, the Fed recently started raising interest- they have been, and continue to be at historic lows. The assertion that over decades long QE has caused the Fed to *recently* raise interest rates faster just when its 8th and ...
politics	Well, we've also got a lot of people who are currently in debt, paying off homes or education. It would be good for them. We also have a lot of people who own homes that they want to sell in the future. It's a toss up for them. And we have many people waiting for pensions and social security. It will be terrible for th...
politics	Sort of, except being able to teach is a skill in itself. Just knowing a thing does not make you able to teach it to someone else. In terms of a (fundamentally flawed) analogy to goods, it's like I have a shiny rock, I hand it to you, and it transforms into a dull rock. If you try to give someone your dull rock, it t...
politics	Nah not really. This is all it has. There's some comments from other students, but nothing concrete. > Professor Kelley told me 100 times over three decades that “Donald Trump was the dumbest goddam student I ever had.” I remember his emphasis and inflection — it went like this — “Donald Trump was the **dumbest go...
politics	I think 95% of the problem with modern economic understanding is that crap like is this seen as remotely accurate. That it's possible to quote a one line summary of Economics 101 and think you understand the first thing about how the economy works. There's nothing wrong with "printing money". Our economy requires tha...
politics	I have been trying to figure out what the appeal of Trump is to his supporters, and I think they still get behind him because he makes it okay to be stupid--maybe even virtuous. Knowledgeable people are intimidating, and the intimidation leads to resentment. They didn't like Obama because he was smarter than them (i.e,...
politics	When its news that is reported on with extreme bias leaving out key details: Fake news When the story is fabricated then reported on as fact without having any basis by the media as is the case with the woodward book its very fake news. When the FBI leaks fake news to the media who are paid to play along then the FB...
politics	> Ivy league educations are no better than any other. Math is Math. History is History. Economics is economics. At the Ivies the professors are better, the TA's are some of the smartest graduate students in the world. Not to mention the fellow students who are, for the most part, incredibly talented. A lot of my fr...
politics	Depends on how you look at it, but no. New money only enters circulation through bank loans. Because only the federal reserve can print money, and the federal reserve only gives money out to other banks, and banks only give money out in the form of loans. But loans by definition have interest, meaning no matter how muc...
politics	>If you want to buy oil from the Saudis, for instance, you have to pay in US Dollars. This means that dozens of rich Nations around the world are forced to hold a US Dollar reserve fund. Well no... Because you don't actually transfer physical money when ordering a oil tanker full of oil. >We can fuel spending w...
politics	That’s true, and it’s really not their fault, student athletes are just pawns. A lot of them just end up after 4 years with no prospects of playing sports professionally, probably a traumatic brain injury or two, and a useless degree. And they don’t get paid for sacrificing their time and long term health for the benef...
politics	I agree, though (correct me if I'm wrong) I've only ever heard him say he went to Wharton, never explicitly stating that he went for an MBA. I think people are inferring that from his statements since most people dont know theres an undergrad program. I dont know If hes ever actually claimed that. At least at Penn, pe...
politics	If you want to think about it in more detail, you trade money for allocation of resources. Those resources can be time, effort, goods, services, whatever ("stuff" for short). &#x200B; Under a strict barter economy, if you want stuff, you must provide a similar level of different stuff in return on the spot at t...
politics	Yea. Do you know what a complaint contains? Allegations. That’s all it is. Anyone can allege anything and file suit against anyone, and I do mean that literally. None of the allegations in any complaint should be taken as fact - in any suit, and this goes for civil as well as criminal complaints. At the complaint stage...
politics	Sounds more like you're selection of those you hire is a problem more than their credentials. You don't hire them because of their degree, you hire them because they can do the job. I value my degree, but it generally doesn't mean much and the value it provides me is it opens doors. I value the knowledge I gained and ...
politics	Yeah, that's the thing. The Laffer curve is a reality for an edge case in economics -- like quantum physics being applicable on the subatomic level. Yet here we are trying to shove billiard balls around with rules meant for particles too small to even have chemical properties. The introduction of this idea to Americ...
politics	I'm not a Trump supporter by any stretch, but I was a Republican before he got the nomination. And I have friends and family who are pro-Trump. The appeal is not intelligence vs lack of intelligence. It's the perceived arrogance of liberals always claiming that they are more intelligent (which, ironically, is pres...
politics	> It's the perceived arrogance of liberals always claiming that they are more intelligent (which, ironically, is present in your comment). Oh, fuck off. Knowledge, while extremely diverse, is still quantifiable. It's not "arrogant" to say someone is more intelligent than someone else in comparison--it's truth, not ...
politics	I can’t tell if you’re joking so I’ll just answer directly, NO. If you’re making claims against someone, regardless of whether they’re true, filing a document in court does not automatically convert your claims into facts. SHE herself literally writes the claims under the heading “Factual ALLEGATIONS” in the actual ...
politics	> I bet they don't want to give back the money that was needed to purchase it. I wonder if paying the money back would be a better gesture. The univ could probably afford it and it would be good for their own publicity. Also, as cheap as the Trumps are, I don't think they paid a whole lot. Maybe a few million in d...
politics	This is actually not strictly true. The Federal reserve tries to keep inflation at a constant target. They do this by controlling interest rates. That in turns controls how easy it is for banks to make loans, and because of the reserve system banks have, they can loan out money they don't actually have, which is how ...
politics	My hiring mentality is that the hiring process is predictive, not a guarantee. We track our data for good hires and college degrees (and especially master degrees) are a slight negative for <30 year old hires. IE, for my company / projects a degree will never help you. We still have good contractors / employees wi...
politics	Here's what's going on. Trump knows these things, either by experience of being told, that printing money is not the answer. However, he insists on this as an option because he will do anything to raise economic indicators not caring about long term consequences. This is because when the Mueller report is release, with...
politics	It actually sounds like they are hiring for practical skills and folks who have been in the job market for about 5-7 years after going through formal training are less effective and more confident than kids who have been solving problems since their teens playing around with programming and building things in their spa...
politics	Part of me wants to say “it’s really complicated”, but so are a lot of other things that we learn. I took several econ courses and only learned about money supply from an internet video. A big part of any economics education is realizing that a lot of the teachers and professors have a specific political agenda they ...
politics	The Fed has a "Discount Window" from which banks can borrow new money that didn't exist before. This process can be accurately described as "creating new money" The Fed does not print physical dollar bills, but physical currency is a small and shrinking portion of the total money supply. late edit: The Fed can also ...
politics	>they don’t actually believe in any of that fiscal stuff The deficits are going to erode his support. There will always be a certain number who support him because of his racism, or because they saw The Apprentice and believed that they were watchin a genius at work, or because they like the way he bullies people...
politics	no, undergrad is quite distinguished, I don't know where this myth about the undergrad being so much less meaningful than the MBA came from. Yes, I did go there for undergrad, so I am biased. But I took several classes with MBAs, and I heard professor after professor tell us that the MBAs are curved separately and more...
politics	If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands...
politics	If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands...
politics	Men like Gary Cohn mock Trump for not understanding inflation while clawing as much money out of the hands of the middle class as possible. That's the context here. Republicans who scoff at this story and call Trump unwell and the lobbyists who will laugh about this behind closed doors tonight wrote the latest $1.5T ta...
politics	Also, some older members of my family still hold grudges against the Southerners that hung Italians in Louisiana in the 1800's. Along with the Union Organizers/Civil Rights activist that some were Italian that got Lynched in the south from the 40's to the 60's. [Also, one of the reasons Hoover had links to the mafia wa...
politics	"G. Edward Griffin (born November 7, 1931) is an American author and filmmaker. Griffin's writings promote a number of false views and conspiracy theories regarding various of his political, defense and health care interests. In his book World Without Cancer, he argues that cancer is a nutritional deficiency that can b...
politics	You are very condescending. QE is fundamentally different than “creating money” so don’t play coy and act like there is a controversy there. The Fed purposefully used QE and other measures to counteract deflation during the recession and shore up financial institutions to prevent a downward spiral. And it worked with...
politics	I believe in his fiscal stuff. The thing about the US is we are in a unique position where we owe our debts in our own currency. Other countries tend to use USD for their debts as well. So if hypothetically France wants to borrow money from Spain, Spain will give them USD and be owed that in return. This means France c...
politics	>I have been trying to figure out what the appeal of Trump is to his supporters. One reason you struggle is that you would likely disagree with any Republican President policies, he makes an easy target. But don't be a stupid as some progressives and think stupidity is in play with most of the support he gets. ...
politics	How then can I go through the entire lower division economics course without ever learning the basics of money supply? The professor chooses the textbook, and the textbook can be written by anyone with any agenda. I think you underestimate just how tied in the American economics discipline is with conservative politi...
politics	My degree lacked programming languages that a lot of jobs require and threw in ones no one seems to be hiring for. I’ve had to keep on top and fill the gaps in my knowledge in my own time since graduating. I think it’s the people who graduate and think they can take on the world when in reality their degree is simply ...
politics	A few concepts are necessary to put it all together. First, the basic concept of credit spreads. If I borrow money at a rate x and I lend it out at another rate y, then y must be greater than x if I am to make money. So for a simple case, let's say I run a savings and loan. People make deposits with me, and I pay the...
politics	> I don't know where this myth about the undergrad being so much less meaningful than the MBA came from From the fact that nearly all actual business teaching is done at the MBA level and a 4 year business degree is what frat boys who don't want to be in college get. >Do you honestly think (before all of this n...
politics	That is true. You also don't want to make the dollar too rare, because it will start to appreciate in value over time which is bad for the economy. People will sit on their cash instead of investing it. That's why the Fed shoots for a 2-3% inflation rate. Printing money isn't necessarily a bad thing (we did that to...
politics	That's very well said. We find it online too. Watch videos by gold bugs like Mike Maloney or Peter Schiff and you get a wayyyy different economic education (Austrian school) than someone who believes in Keynesian economics. Supply side vs. Demand side, all that stuff, depending what you believe drives the economy will ...
politics	Nah dude, you’re correct. Kudos to you for beating out 85% or whatever it is of the other applicants. An MBA is great, but you always hear about people getting in. Every kid I know that went to an Ivy League straight out of high school had to have straight As, 2100-2400 on the SAT, do community service every weekend fo...
politics	Well here's a list of sources for you (from the bottom of the wikipedia page): Vinny Eastwood Show March 25, 2011 ^ a b c d Easter, Sean (March 26, 2011). "Who is G. Edward Griffin, Beck's Expert on The Federal Reserve?". Media Matters for America. Retrieved 2015-03-10. On his Fox News show, Glenn Beck presented Gri...
politics	Well in that light you're really just finding those who were motivated to learn before going to college. There are many who do this and continued during college to learn outside of class as well, just like there are many who never went to college and continued learning on their own. There's in general a different leve...
politics	I understand what you mean, I think, however I'm not sure that's really an accurate description either. The Fed controls how much money is in circulation. They have a bunch of it basically in a back room that the economy doesn't touch and they buy treasury bonds on the open market when they want to increase how much ...
politics	So I replied to a similar comment below in the same way but I'll leave the same response here as well. &#x200B; I understand what you mean, I think, however I'm not sure that's really an accurate description either. &#x200B; The Fed controls how much money is in circulation. They have a bunch of it basical...
politics	I think I agree with you then, but I'm curious what you would define as "creating money" that is different from 'increasing the amount of money in circulation' It's not quite accurate to say the Fed has a bunch of money in a back room they can withdrawal from to put into the economy, or take out as they wish. It's lar...
politics	Well this one is completely false. A long time ago they were gifted a whole bunch of money. This money sits in their vault either physically or digitally now. It is not in circulation but it still exists. They increase the money supply by buying treasury bonds with the money they have in their vault or "back room"....
politics	Sure, I get that, but I asked what you would call it then. &#x200B; Point being that we need two different terms to discuss the two different actions. The terms themselves aren't really as important as the understanding of the two different actions. I prefer to describe what the Fed does as increasing or decrea...
politics	>A long time ago they were gifted a whole bunch of money. This money sits in their vault either physically or digitally now. It is not in circulation but it still exists. Lol, no, that's complete nonsense. The Fed directly increases the selling bank's reserve account at the Federal Reserve Bank without any correspo...
politics	First line 2nd paragraph in the Forbes article. "The Fed, of course, does not literally print money." 5th paragraph same article: "My conversations lead me to believe that most people equate printing money or creating money (the term I’ll use from here on) with creating it out of thin air. They equate creating money w...
politics	Wow, so now you're cherry picking quotes to be intentionally misleading? First line of the third paragraph from the Forbes article that you somehow skipped over: > Open-market purchases by the Fed always create (print if you insist) new money. From the Balance article: > The Fed’s other tool is open market o...
politics	I need to read more about this, but even what you describe is fundamentally different from printing money as Trump and his voters understand it. Trump wants the treasury to print money — create it out of nowhere — and use it to pay off the government’s debt. That is fundamentally different than borrowing money fr...
politics	The fact that newly created money is owed does not entirely discount the fact that it's still newly created money, getting transferred around the economy, meaning more dollars chasing the same amount of goods. The Fed is under no obligation to ever reduce its balance sheet and sell off assets it creates via quantitat...
politics	Really Trump has not changed much yet that was actually going to be implemented. (we were never going to be able to hit the 54.5 MPG fleet average mandate by 2025, it was never a possibility. Half of the vehicles would have to average 75 mpg) We have obligated to the tenants spelled out by Paris accord until November...
politics	First off I am not defending this idea or saying this is advisable or makes sense, only that it's within the Fed's legal power to do so. The Fed could buy all outstanding federal debt through quantitative easing. This would not require any laws to be passed or any action from Congress or the President, just a majority ...
politics	No I mean legally, they are non-profits and therefore operate differently than private businesses. There is no bottom line or profit margin. If you have a billion dollars could you buy your way into Harvard? Sure, colleges are concerned about funding and their endowment but they bank on prestige in order to attact stud...
politics	That’s exactly what I described. Except you went to (most likely like I did) a private school. I’m talking about state universities who use tax money to build football stadiums when our team is literally always buttcheeks (MN). Even when their sports teams profit RIDICULOUS amounts of money and then cannot stop raising...
politics	You would mean that monetizing debt is not equivalent to ending the debt (which is debatable.) Quantitative easing is definitely equivalent to printing/creating money. Look at M1 Money Supply around 2009-2010. The steep increase beginning then is money being rapidly created, primarily from Fed quantitative easing. ht...
politics	I'll reiterate it again, this is literally the term my Graduate level Macroeconomics professor used. He described it as literally a "back room". Frankly they are limited by what they have in that they have to ask Treasury for more printed money if they run out of what they have on hand. Now we don't know how much th...
politics	Forget about Obama, let's talk about what the US President should be doing in 2018, given everything we know about the existential threat to our species over the next 50-1000 years. The President largely sets the scope of political discourse in the country... and you prefer the guy who calls global warming a "Chinese ...
politics	I’m not sure you use the term “equivalent” in the same way I do. Equivalent means the results are exactly the same. It’s not debatable, because we just had a debate, and the end result is that there is no way for the Fed to do anything equivalent to the treasury printing money. Policy? I mean, we are running a defici...
politics	Right but they’re still non-profit entities. And while sportsteams like football generate millions, most of that money actually goes to coaching salaries and subsidizing other sports teams that don’t generate money but still cost money to run. Again, schools don’t have shareholders, the board of trustees don’t pay them...
politics	I’m also from NC and lived the vast majority of my life on the coast. As someone who has witnessed the devastation of what a strong hurricane can do through my window, I’m way more concerned with what’s brewing off the coast right now than what some shadowy Latino boogeyman might be doing. I still remember Hugo, Emil...
politics	Ill-prepared? I don’t mean to make assumptions, but I’m guessing you live inland and are also pretty ignorant as to the devastation a hurricane can leave in it’s path. I’ve been lucky, but nobody can prepare for their roof blowing off, a tree crushing their living room or even their house just being completely decimate...
politics	FEMA doesn’t stop your roof from flying off or your house from being decimated. If you must live in an area that is prone to hurricanes (which I would advise against)... you better have insurance that covers hurricane damage. Your town better charge extra taxes to cover for repairs after a Hurricane. If you can’t ...
politics	> What about the things insurance doesn't pay for? Like rebuilding infrastructure including roads, sewers, water treatment, etc.? What if my uncle had tits? > Also, would being charged extra taxes by the town for emergency necessities not be pretty much the same thing as FEMA? Well.. no... that’s a local deal...
politics	Try to come off a bit more pompous, you're not quite there yet. Not everyone can live in places with few natural disasters, and even if they did it doesn't mean that they'd be assured a natural disaster wouldn't happen. Take yourself for example... You have chosen to live in a place with few natural disasters, so y...
politics	Do you think it’s lost on anyone that only the “law and order” party is upset to see Republican criminals going to prison? We understand why you guys want it wrapped up, it looks horrible for your party that so many criminals are being brought up on charges. You’d want this to drag on for a decade if Dems were sayin...
politics	It only "looks horrible for our party" because the MSM is hellbent on exploding every "negative" detail that hurts the party and ignoring everything else (like the FISA investigation). Look, I know this has clearly gotten you worked up. All I want to know is if Donald Trump colluded with Russia to win the 2016 Presid...
politics	There’s already TONS of evidence that he did collude and absolutely iron clad proof that at the very, very least, multiple top ranking officials in his campaign colluded with Russia to help influence the election. Donald Jr himself released the evidence. It 100% happened, they don’t even deny it themselves. If you ...
politics	There has been no evidence or convictions for collusion. Donald Trump colluding with Russia in 2016 is a much bigger issue to me than Paul Manafort laundering money in 2013. I am happy to see Manafort caught. No one should get away with that. But why did Mueller have to prosecute? He couldve handed the findings and ...
politics	As it became increasingly difficult to deny the reality that Trump is a terrible president who will probably be impeached, they invented an entirely new reality for themselves - that Trump isn't really being investigated by Mueller, and in fact Trump and Mueller were working together to prosecute a worldwide pedophil...
politics	The best explanation I have read was written on the sidebar of r/Qult_Headquarters. It's kinda long but it explains why the subreddit was so harmful and dangerous. I have been seeing the Q_Twits on reddit for quite awhile on a few dedicated subreddits. Admin banned a couple awhile back but did not follow through and d...
politics	I don’t want this to sound like I’m defending the denizens of Donald’s favorite subreddit, because I’m 120% not defending them... but they do seem a little more self-aware. Just a little. They do believe quite a bit of nonsense, but a lot of them seem to be mostly in it for the memes and liberal bashing, and will eve...
politics	I imagine you’re about to get downvoted into oblivion for this comment, but thank you. I’m glad Booker is fighting this nomination but he has a problematic history with big pharma and corporate campaign donations. He’s angling for 2020 and that’s fine, but corporate money is one of the reasons that our representative ...
politics	The better option is don't wait for or even look for a savior. I don't want a politician to lead us out of this wilderness. I want us to lead ourselves out of it. If someone can lead us somewhere then someone can lead us out of it. But if we can actually formulate a movement that goes somewhere without a leader then it...
politics	Seperating children permanently is new. And this is absolutely how genocide starts. Your already fucking commiting genocide according to the geneva convention. What do you think is cheaper: indefinite detainment, or a bullet and a body bag? Keep in mind, the original plan for the Jews was detainment and deportation...
politics	Well, the Nazis didn't start off by killing people either. They started by putting them into camps and the plan was to deport the Jewish people to Madagascar. But hey, shocking I know, they found out that their plan would be way too expensive, I mean, who would've thought that removing millions of people from your coun...
politics	No, they're not "literal" concentration camps. "a place in which large numbers of people, especially political prisoners or members of persecuted minorities, are deliberately imprisoned in a relatively small area with inadequate facilities, sometimes to provide forced labour or to await mass execution " &#x200B;...
politics	Copying my comment because you're full of shit. &#x200B; No, they're not "literal" concentration camps. "a place in which large numbers of people, especially political prisoners or members of persecuted minorities, are deliberately imprisoned in a relatively small area with inadequate facilities, sometimes to pr...
politics	No, they're not concentration camps. "a place in which large numbers of people, especially political prisoners or members of persecuted minorities, are deliberately imprisoned in a relatively small area with inadequate facilities, sometimes to provide forced labour or to await mass execution " >Large numbers o...
politics	I'm honestly astonished that people think this is true. I mean let's walk through this for a moment. If you detain adults who have children, you have exactly two options: 1. Detain the children too. 2. Separate them from the adults. So in order for it to be true that neither of these things happened before Trump, it...
politics	> No, they're detained because they're doing something illegal. Seeking asylum is not illegal. > > members of persecuted minorities > > Nope, again, you can be a legal mexican immigrant. Can, sure, but the very fact that you're calling everyone from South, Central, and a big part of North America "Me...
politics	Then I'll copy from mine to call you out on your bullshit. > No, they're detained because they're doing something illegal. Seeking asylum is not illegal. > > members of persecuted minorities > > Nope, again, you can be a legal mexican immigrant. Can, sure, but the very fact that you're calling eve...
politics	Asylum seekers are not kept in these detention facilities! Damn it I don't know how many times I need to say this, but you people keep spouting lies. If an asylum seeker goes to a designated entry point, they are kept with their families and housed while they are processed. If they cross the boarder illegally and t...
politics	> Seeking asylum is not illegal. Lmao, crossing the border illegally and when you're caught saying that you were seeking Asylum is NOT how you seek asylum. > Can, sure, but the very fact that you're calling everyone from South, Central, and a big part of North America "Mexicans" is awfully telling. When did ...
politics	> Seeking asylum is not illegal. Then I suggest they seek asylum, not jump the border. > So there we go. There we go, what? Relative to what? > If that's the bar you've set for humane treatment, you've already conceded defeat. What's your bar? Daily servings of Hennessy and caviar? > That's an assu...
politics	> Lmao, crossing the border illegally and when you're caught saying that you were seeking Asylum is NOT how you seek asylum. Except it is. Federal code allows for declaration at a port of entry OR in person to a federal agent. Those who have declared at ports of entry are routinely denied entry (which is illegal) a...
politics	> xcept it is. Federal code allows for declaration at a port of entry OR in person to a federal agent. " (1)In general Any [alien](https://www.law.cornell.edu/definitions/uscode.php?width=840&height=800&iframe=true&def_id=8-USC-92903111-1485256781&term_occur=380&term_src=title:8:chapter:1...
politics	1) How about you address all of the other non-sense you keep babbling about? 2) I never said they were. But thank you for pointing to a federal law that proves my point: Illegal Aliens are not Asylum Seekers. They are still required by law to follow the proper channels and actually seek asylum. Just because you...
politics	I'm not being hyperbolic, you're just bought in. So, I'm not going to put a lot of work into this, because I doubt you're going to give it any thought - He rose to power due to a fractured field, much like the NKVD did. He also consolodated his base by demonizing an "other". He's stripped passports at the border of le...
politics	No they're wrong for other reasons. I get that conservatives feel like rules only matter if you get caught, but some of us actually respect the rules because we understand how they facilitate advancing the discussion. Vote brigades are designed to silence opinions by pressuring users into deleting their posts, and whe...
politics	Potentially worse (for Americans): Russia spreads propaganda that gives Red and Blue the impression a win is very likely, so both sides think they'll win. People go to the polls and on election night there's a power outage on the East coast ([like the Northeast Blackout of 2003](https://en.wikipedia.org/wiki/Northeast...

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