Americans often think of demagogues as a feature of foreign countries with weak or non-existent democracies. But is it possible to still get a demagogue in a functioning and strong democracy? That’s the argument of Mehdi Shadmehr in his paper: “Demagogues and the Fragility of Democracy”. One of the scariest features of this research is that once a country elects a single demagogue they can create a political death spiral that can lead the country into financial ruin. With the long running debate around Trump’s demagoguery in the background, and the 2020 election on the horizon, we discuss Shadmehr’s findings.