Debt Ceiling Delusions

The popular take on the current debt ceiling stand-off is that the Tea Party wing of the Republican Party has a delusional belief that it can hit the brakes on new debt creation without bringing on an economic catastrophe. While Republicans are indeed kidding...

Racial Trade-offs

Trade-offs apply to our economic lives, as well as our political lives. That means getting more of one thing requires giving up something else. Let’s look at some examples. Black congressmen and black public officials in general, including Barack Obama, always...