Evidence And Expertise Have A Well-known Liberal

Unsustainable Situations Usually Go On Longer Than Most Economists Think Possible. But They Always End, And When They Do, It's Often Painful.

I'm Especially Baffled By The Idea Of Taking Insurance Against A U.s. Default. If America Defaults, We're Talking About A Chaotic World - Mad Max, More Or Less - In Which Case, Who Imagines That Insurance Claims Will Be Honored?

Our Grandfathers Lived In A World Of Largely Self-sufficient, Inward-looking National Economies - But Our Great-great Grandfathers Lived, As We Do, In A World Of Large-scale International Trade And Investment, A World Destroyed By Nationalism.

Wealthy Individuals Bought Themselves A Radical Right Party, Believing - Correctly - That It Would Cut Their Taxes And Remove Regulations, But Failed To Realize That Eventually The Craziness Would Take On A Life Of Its Own, And That The Monster They Created Would Turn On Its Creators As Well As The Little People.

Whenever You See Some Business Person Quoted Complaining About How He Or She Can't Find Workers With The Necessary Skills, Ask What Wage They're Offering. Almost Always It Turns Out What Said Business Person Really Wants Is Highly (and Expensively) Educated Workers At A Manual-labor Wage. No Wonder They Come Up Short.