Viewed through the lens of “the tyranny of the experts,” it’s easy to see that in the last election Hillary Clinton was the candidate of the experts, while Donald Trump was the candidate of people who were tired of being tyrannized by them.
Populism is an unsettling phenomenon in part because we don’t know where it will end. And we don’t know where it will end because populism isn’t itself a governing idea — it’s a response to the perceived failure of other governing ideas.
Not that long ago — say, when my parents were starting out in married life — building a sound investment portfolio was a piece of cake. You bought some Blue Chip stocks and some Triple A bonds and you were done.