Congress Has Always Had A Soft Spot

Seven Habits That Help Produce The Anything-but-efficient Markets That Rule The World. 1. Think Short Term. 2. Be Greedy. 3. Believe In The Greater Fool 4. Run With The Herd. 5. Overgeneralize 6. Be Trendy 7. Play With Other People's Money

One Way In Which Americans Have Always Been Exceptional Has Been In Our Support For Education. First We Took The Lead In Universal Primary Education; Then The “high School Movement” Made Us The First Nation To Embrace Widespread Secondary Education.

We Know That Advanced Economies With Stable Governments That Borrow In Their Own Currency Are Capable Of Running Up Very High Levels Of Debt Without Crisis.

I'm Especially Baffled By The Idea Of Taking Insurance Against A U.s. Default. If America Defaults, We're Talking About A Chaotic World - Mad Max, More Or Less - In Which Case, Who Imagines That Insurance Claims Will Be Honored?

Economics Is Not A Morality Play.