Are we in a new America where the state runs the show and the citizens are bit players or are we still a government of, by and for the people? Judging by economic policy, I'd say we're all servants of the state now. Here's a snippet from my latest American Issues Project column where I elaborate:
Is there a simple solution to our complex economic problems? I don't know, but I see parallels to the complexity of the human body and the United States economy:
I've been thinking about the root cause of this bail-out mess and the changes in our American culture. My column at AIP today sums up my thinking about things:
Over spend, take in too little income. You have two choices: Cut spending or increase income. Since California doesn't want to increase income, the choice is to cut spending or go bankrupt.
The biggest generation is about to be the biggest retired generation. Do you think a generation nicknamed the "Me Generation" will suddenly become the generous generation? No.
My latest American Issues Project column delves into the American psyche. I think the overspending spree that both individual Americans and then the banks and ultimately the Fed partook in the last few years can be traced back to the 9/11 attacks.