"Will Modern Monetary Theory Work” (April 14th TLR) and “They’re All Keynsians Now” (March 27th TLR) Republicans no longer are believers in balanced budgets. Democrats most often have favored deficit spending. Both are now in agreement that Congressional spend-and-debt orgies are fun! This week, the...

The Big Blue Cities “The Hollowing Out of America” in the July 12th TLR discussed the geographical polarization of America. The “United States” isn’t as “United” as the Founders had hoped. America has become a more polarized country, highly divided between those in the...

The Coming Recession Gary Shilling is one of modern America’s storied economists. He has nailed any number of economic turns over the past 40 years. Perhaps his most prescient call was his early-’80s prediction that the U.S. was entering the bond bull market of a lifetime...

It’s Congress’s Fault America’s Constitutional system provides for a sharing of power among the three branches of Federal government: the executive (the President); the legislative (Congress); and the judicial (the courts and, ultimately, the Supreme Court). Each branch has the primary responsibility for a...