Mr. Natelson discusses state-driven amendments to restrain federal spending, the processes of proposing and passing or rejecting such amendments, the safeguards in place for preventing a "runaway convention" that might fundamentally alter the U.S. Constitution, and more.
The modern welfare state began to take shape in the 1880s in Otto von Bismarck's Germany, and it took off in the United States in the 1930s under Franklin Delano Roosevelt's "New Deal." Now that the welfare state is thoroughly entrenched throughout most of the world, is there any reason to question its existence or any way to eliminate it? There is a reason and a way, and these are the subjects of the essays in After the Welfare State.
Imagine how great it would be to have your own inside tour guide to the modern financial crisis, someone able to comment on the crisis not as an onlooker, but as the leader for two decades of one of America's strongest financial institutions.