The Washington Monthly

I used to work with a young English woman named Tracy, a freshly minted graduate of Oxford University who spoke with one of those British accents that make you want to put on a tie and sit up straight. Tracy once told me a story about her alma mater...

Since 1979, a generation of scandals has come and gone: Wedtech, HUD, Solomon Brothers; government investigators cracked down on Wall Street insider trading and uncovered widespread fraud at the Defense department. They even got John Gotti. Nineteen-seventy-nine...

Nineteen ninety two was going to be different. This was the year Americans were going to ditch the professional politicians. After all, look what the pros did to us four years ago. It didn't turn out that way, of course. Though Ross Perot won nearly...

For several years now, industrial policy has been hotly debated among experts in and out of Washington while attracting little attention from the mass media. Its proponents argue that government could and should assist the progress of American industry,...