All Commentary
Tuesday, June 21, 2011

Wall Street Has Eyes on Greece


“For weeks now, Wall Street has been worried about the possibility of a default by the government of Greece. If Greece were to default, investors have reasoned, what might prevent the same thing from happening in other countries with large budget deficits?” (Christian Science Monitor)

Did they think all that borrowing would really have a happy ending?

FEE Timely Classic
“Our Presidents and the National Debt” by Burton W. Folsom Jr.