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Congress shows us how our new government works

History shows that the superficial forms of government remain long after the essentials have changed. For example, the Roman Empire retained the forms of the Republic long after the Republic’s death. Public policy experts, being so close to the object of their study, can be the last to see that a new regime has been …

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Slow steps to nationalizing the US financial sector

Summary:  Consensus opinion has slowly moved from characterizing this as a “subprime mortgage problem” to a “mortgage problem.”  That is progress, but we have far to go before they see the full picture: that US households and businesses have too much debt — and that current trends likely will lead to nationalization of our financial …

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