The book isn’t all bad news.

California is in trouble because of too much spending.

The excessive welfare state has greatly undermined incentives to be productive.

Unfortunately, it still focuses on the symptom of red ink rather than the real problem of excessive spending.

Limiting late fees on credit cards will lead to negative effects in other areas.

Lo and behold, skeptics were right.

Rubin fawns over cherry-picked data and laughable assumptions.

Joe Biden’s new budget will make America’s fiscal crisis even worse.

The Greatest Ponzi Scheme on Earth releases on March 19.