I think his latest column is right on target:
Voters are getting that the cycle of deficit, debt, and inflation is the inevitable consequence of statist economic policies.I've been singing this tune since shortly after Obama got elected - that the left will fail and fall.
Germany's decisive turn away from the left in its national elections signals this sea change in political behavior. After a decade of drift to the left, voters have discovered their bearings and their senses just in time.
Not only did Germany's Social Democratic Party, the world's foremost socialist political organization, lose more than one third of its vote, but the free market Free Democratic Party grew by more than one third. Merkel, who had to govern in coalition with the Socialists, now can indulge her personal philosophy and form a conservative coalition to lead Germany out of the recession. Now, Merkel can, indeed, be the Thatcher of Germany.
The next shoe to drop will be in the United Kingdom where Gordon Brown and his discredited Labor Party trail the Conservatives by seventeen points. London must call for elections by June of 2010. Brown can delay the day of his party's reckoning until then, but it must come.
These conservative triumphs will set the stage for the American Congressional elections of 2010. It seems certain that Republicans will gain enormously although whether or not this surge will be enough to capture either or both Houses of Congress remains to be seen.
Voters get that an orgy of debt can lead to an orgy of inflation. What better nation to teach the world this fact of economic life than one whose nascent democracy was strangled in its cradle by the hyper-inflation of the 20s opening the door to Hitler's ascension to power?