I Admit It: I Had

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

For Most Americans, Economic Growth Is A Spectator Sport.

Europe Is Often Held Up As A Cautionary Tale, A Demonstration That If You Try To Make The Economy Less Brutal, To Take Better Care Of Your Fellow Citizens When They're Down On Their Luck, You End Up Killing Economic Progress. But What European Experience Actually Demonstrates Is The Opposite: Social Justice And Progress Can Go Hand In Hand.

America's Political Landscape Is Infested With Many Zombie Ideas - Beliefs About Policy That Have Been Repeatedly Refuted With Evidence And Analysis But Refuse To Die. The Most Prominent Zombie Is The Insistence That Low Taxes On Rich People Are The Key To Prosperity.

It Has Been Obvious All Along, To Anyone Paying Attention, That The Politicians Shouting Loudest About Deficits Are Actually Using Deficit Hysteria As A Cover Story For Their Real Agenda, Which Is Top-down Class Warfare. To Put It In Romneyesque Terms, It's All About Finding An Excuse To Slash Programs That Help People Who Like To Watch Nascar Events, Even While Lavishing Tax Cuts On People Who Like To Own Nascar Teams.