It is exactly a century since John Maynard Keynes published “The Economic Consequences of Mr. Churchill,” a devastating takedown of the policies of the Conservative government in which Winston Churchill served as Chancellor of the Exchequer—the British equivalent of Treasury Secretary. 

The Cliff Notes version of how Donald Trump got elected for a second time rests on two pillars, the culture and the economy.

The delusion persists. Ever since Vladimir Putin became Russia’s president in 2000, four U.S. presidents have wanted to be his friend.