That’s the title of this really good (in my opinion) Jonathan Chait cover article in New York Magazine. At this point it would be customary for me to extract a nut graph but, you know, that results in a lot of squirrels fighting it out in comments about just the nut. I think the whole article deserves considerate discussion. So do that instead. (I will be Chait’s defender! Although, of course, if someone picks on one of the places where his foot slips … well, I can’t defend that.)
UPDATE: Sorry, original link was to a subsection not the whole article. And original post title was a subsection title, not the actual article title. Not that it really matters.