U.S. Economy

Though Kuttner thinks the New Deal a great success, he himself lays out some of its many problems.

Progressives have long pushed for a state dominated by a new class of "scientific" experts who are supposedly nonpolitical and pursuing only "good government." It's a fantasy many people still believe. 

Conventional wisdom says a country should manage its debts, but what if debt has become uncontrollable?

Anyone who doubts whether we are in a recession can stop doubting. The Fed's reverse repos show that we're headed for a crash.

Forget the notion that the Fed "fights inflation." In fact, the Fed exists to promote inflation.

The Fair Tax is a supposed alternative to the income tax. But the name does not matter, since a tax is still a tax.

Americans are looking at a grim energy future, thanks to government.

The Biden administration, stung by low poll numbers, insists that the president is receiving unfair PR, which is hiding the "truth" about Biden's many accomplishments.

Skyrocketing asset prices are great for hedge fund managers and Wall Street types, but they increasingly drive ordinary people into unsustainably large amounts of debt.

Since the state is incorrigible and incapable of being reformed, perhaps the best way to deal with government predations is to boycott the elections.