New presidential-nomination candidate Rick Perry wears his religion on his sleeve, and as a churchgoing Christian, that’s fine with me. But if you’re going to boast of your faith, brace for being seen through that lens. Jesus often denounced “scribes, Pharisees and hypocrites,” a group he called “blind fools.” That is not good news for […]
Gregg Easterbrook
Gregg Easterbrook has published three novels with a fouth coming next year and nine nonfiction books, most recently, It’s Better Than It Looks: Reasons for Optimism in an Age of Fear. He was an editor at the Washington Monthly from 1979 to 1981.
Blame Obama and Boehner for the Downgrade
In April 2010, Treasury Secretary Timothy Geithner said there was “no chance” Treasury bills could lose their AAA rating. The fact that top government officials thought there was “no chance” something could happen surely is one reason it happened. U.S. government bond ratings are falling — the S&P downgraded the US credit rating yesterday from […]
Why Didn’t the Heat Wave Cause Power Failures?
Last week a record-setting heat wave afflicted much of the United States — yet there were no brownouts. Electricity shortages during heat waves long have been common. We tend to miss what doesn’t happen, and what didn’t happen last week was electric power scarcity. Two factors are at play, one positive and one vexing. The […]
Facing Down the Debt
Over the past three generations, America’s leaders have faced down the Depression, won World War II, won the Cold War, created Social Security and Medicare, passed the Civil Rights Act and dramatically expanded environmental protection. The record is one of boldness and triumph. Today, America’s leaders face the challenge of reducing giveaways to special-interest groups. […]
Twilight of the WASPs?
White Anglo Saxon Protestant (WASP) men are supposed to hold the reins of power in the United States. All but two presidents have been WASP males; almost all Supreme Court justices; most leaders of the House and Senate. Today everyone knows America has a black president for the first time. It’s also the first time […]
How Nations Go Bankrupt, One Sliver at a Time
Governments in Greece, Portugal, the United States and elsewhere are borrowing, and often wasting, money at a reckless pace. Why do banks and financial markets cooperate? Because there’s something in it for them. They keep a little slice of the public money being borrowed or wasted. Only a sliver. But the more that is borrowed, […]
What Lucille Ball and Desi Arnaz Could Tell Gay Couples
New York is about to become the sixth state to recognize same-sex marriage, doing so by decision of its legislature, not judicial fiat. Gay marriage is gaining in social acceptance. Two generations ago, interracial marriage was viewed as scandalous, and often proscribed by law. Today it’s legal everywhere in the United States, unremarkable, and endorsed […]
Unemployment Is the Real Price of War
The cost of ongoing U.S. wars in Afghanistan, Iraq and Libya is up to at least $1.2 trillion. What would the economic recovery look like if that money hadn’t been spent? The GDP was about $10.1 trillion when U.S. forces invaded Afghanistan, and is $14.7 trillion now, an annualized growth rate at around 2 percent. […]
Make Puerto Rico a State
As Barack Obama makes the first presidential visit to Puerto Rico in half a century, let’s cut to the chase: this island will be the 51st state, and the sooner the better. Fifty is a nice round number for states, but prepare to kiss it goodbye. Puerto Rico will be 51st, and not necessarily the […]
The Size of the Debt
The ballooning debt is an issue of vital importance to the nations future. Debt has to be repaid, and a useful rule of thumb is that every dollar borrowed today subtracts two dollars from future growth. Homeowners borrowed, borrowed, borrowed as if tomorrow would never come, and it came. Why should we think the national […]

