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Debts

The Hamilton Cult
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Has the celebrated musical eclipsed the man himself?

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A Bit of Good News
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It’s dangerous to express optimism about the economy these days. Europe’s financial markets remain fragile. China, which supports much of the world’s economy through imports, is too dependent on highly…

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Second Chance
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Inauguration Day is upon us. And it seems like only yesterday that the colossal, overheating machinery of democracy, which had been running in high gear for almost two years, finally…

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The Austerity Myth
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As economic adversity continues to spread, from Athens to Madrid, London to the Beltway, austerity has become a most dangerous idea. What now dominates the world is the popular theory…

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A Letter to Barack Obama
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George McGovern in New Hampshire, 1972. © Constantine Manos/Magnum Photos   When President Franklin Roosevelt came into office in the depth of the Great Depression, he sought to stabilize and…

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Golden State Fever
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Debt Threatens Democracy
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June 1939

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