“The Treasury Department said Wednesday that the federal debt has climbed to a record $15 trillion — a staggering figure that caps a precipitous decade-long rise.” (Washington Times)
A truly historic day.
FEE Timely Classic
“The Debt Sky” by Sheldon Richman
FDR couldn’t bring himself to send a telegram to the man who won four Olympic gold medals.
The welfare state, once begun, is difficult to reverse and never ends well.
There are several ways to ensure access to capital in the developing world, but the most important approach is to unlock the productive potential of the capital already available there.
As long as legal and cultural norms make the degree the primary signal of value in the marketplace, the classroom will continue to decline in quality.
Marriage should confer neither special favors nor goodies from the state.