is the title of a new Spengler essay posted this morning at Asia Times Online. Keynesian stimulus was a terrible idea; combine it with nearly free money and you create a positive-feedback loop between the Treasury deficit and the banking system. It’s going to be a long, long three years until the next Presidential election.
YOU MIGHT ALSO LIKE
Of Roots and Adventures
I have lived in Ohio, Michigan, Georgia (twice), Pennsylvania, Alabama (also twice), England, and Idaho. I left…
Our Most Popular Articles of 2025
It’s been a big year for First Things. Our website was completely redesigned, and stories like the…
Our Year in Film & Television—2025
First Things editors and writers share the most memorable films and TV shows they watched this year.…
