Hillary Clinton hasn't created a job.

All politics takes place on a slippery slope. The most important four words in politics are up to a point.

Some calamities - the 1929 stock market crash, Pearl Harbor, 9/11 - have come like summer lightning, as bolts from the blue. The looming crisis of America's Ponzi entitlement structure is different. Driven by the demographics of an aging population, its causes, timing and scope are known.

Invariably, it is this for which I write: the joy ... of an argument firmly made, like a nail straightly driven, its head flush to the plank.

The designs of the paper euros, introduced in 2002, proclaim a utopian aspiration. Gone are the colorful bills of particular nations, featuring pictures of national heroes of statecraft, culture and the arts, pictures celebrating unique national narratives. With the euro, 16 nations have said goodbye to all that.

Popularity makes no law invulnerable to invalidation. Americans accept judicial supervision of their democracy - judicial review of popular but possibly unconstitutional statutes - because they know that if the Constitution is truly to constitute the nation, it must trump some majority preferences.

The case for democracy is not esthetic.