"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters."
Daniel Webster
Friday, June 4, 2010
Whoo, Hooh! We're No. 1!
Why are investors still so eager to fund exploding federal deficits?
Economist Jeffrey Miron writes:
As bad as policy is in the U.S., it is worse in most other countries. That may help the U.S. avoid the day of reckoning for a while.
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