"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...
Be Careful What You Wish For President Trump wants the US Dollar to be weaker. He has browbeat told asked the Federal Reserve to lower interest rates so that the Dollar will become a less attractive valuable currency. Fed Chairman Jerome Powell has agreed...
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...
The Hollowing Out of America There have always been two Americas: the rural, onetime agricultural America; and the urban, once the-center-of-manufacturing America. In 1900, America was a rural country with a rural-to-urban population ratio of 60:40. By 1950, the country had become urbanized with a ratio...
