The Federal Government Is Basically

Bad Ideas Flourish Because They Are In The Interest Of Powerful Groups.

Debt Is One Person's Liability, But Another Person's Asset.

On The Political As On The Economic Front It's Important Not To Fall Into The "not As Bad As" Trap. High Unemployment Isn't O.k. Just Because It Hasn't Hit 1933 Levels; Ominous Political Trends Shouldn’t Be Dismissed Just Because There’s No Hitler In Sight.

What Saved The Economy, And The New Deal, Was The Enormous Public Works Project Known As World War Ii, Which Finally Provided A Fiscal Stimulus Adequate To The Economy’s Needs.

[t]he Next Time You Hear Serious-sounding People Explaining The Need For Fiscal Austerity, Try To Parse Their Argument. Almost Surely, You'll Discover That What Sounds Like Hardheaded Realism Actually Rests On A Foundation Of Fantasy, On The Belief That Invisible Vigilantes Will Punish Us If We're Bad And The Confidence Fairy Will Reward Us If We're Good. And Real-world Policy - Policy That Will Blight The Lives Of Millions Of Working Families - Is Being Built On That Foundation.