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Shlaes has read Mises and the Austrians, and understands property as the foundation for civilization. She is an expert on the criminally underrated Calvin Coolidge, and a devastating critic of Hoover and FDR’s Great Society schemes. Shlaes is the rare historian who understands economics.

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Kelton is the leading light of a bizarre proposal known as modern monetary theory, and in a sense her idea is the perfect metaphor for a broken country living beyond its means. Government deficits are a “myth,” because they don’t matter, because they never need to be repaid. This is magical thinking, but thankfully Dr. Gordon is here to
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