There’s a Reason We Have a Debt Ceiling

With all of Washington butting heads over the question of how to let the debt ceiling rise, the investor service Moody’s thinks it has a better idea: eliminate the debt ceiling altogether. According to Reuters, a new report for the investor’s service whose ratings are critical to the value of bonds says it believes the problem isn’t so much the debate over spending cuts versus taxes as it is the system whereby the Congress sets a limit on the national debt. This self-imposed restriction creates “periodic uncertainty,” according to Moody’s analyst Steven Hess.

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There’s a Reason We Have a Debt Ceiling

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Capitalism: Bad Again After All These Years

Meritocracy is in the eye of the beholder.

A running theme in Jonah Goldberg’s fantastic new book, Suicide of the West, is the extent to which those who were bequeathed the blessings associated with classically liberal capitalist models of governance are cursed with crippling insecurity. Western economic and political advancement has followed a consistently upward trajectory, albeit in fits and starts. Yet, the chief beneficiaries of this unprecedented prosperity seem unaware of that fact. In boom or bust, the verdict of many in the prosperous West remains the same: the capitalist model is flawed and failing.

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PODCAST: Crossfire Hurricanes Make Us Dizzy

Podcast: Donald Trump Jr. moves the ball forward.

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Questions the Press Hasn’t Asked about Violence in Gaza

A conspicuous lack of curiosity.

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PODCAST: Mindless in Gaza, and a Goodbye to Tom Wolfe

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A false compassion.

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