The Unsteady State Of The Disunion

Anyway, both sides are marinated in delusion these days. Whatever Mr. Trump trumpets about the economy on Tuesday night will unwind stupendously in the months ahead. In private, he probably knows this, and I’m sure that he’s preparing to preside over some form of a national bankruptcy work-out. But even that won’t stop the roaring choo-choo train of the “democratic socialist” nirvana to come. The new religion of Modern Monetary Theory (MMT) they subscribe to says that the government can spend as much money as it feels like spending because, one way or another, they create the money. Of course, this is Karl Marx with all the humor removed. And when it comes rolling down the tracks, it won’t be much of a joke.