to know and to act

Two articles by the UK Telegraph and the Times Online reinforce the trepidation, soundly-grounded in economic theory, that I expressed earlier about America's future--and with America the world.

So, more and more, this analysis is reaching the mainstream public, slowly and in limited syndication articles. But when will it enter national consciousness? And when will the interrelation between the current accounts deficit and ill-balanced international exchange market? When will the slow gears of society and government begin to anything about what they've come to realize?

So slowly. It's a situation with a high amount of expert knowledge to be grasped by laymen, much like global warming, before consensus can build and move forward. We know how that's going.