"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...
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...
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...
