Can the US's Political System Remain Stable in the Face of Growing Threats of Violence?
Note to readers: Last week, I wrote " Debt Fear-Mongering Has Moved from Mockable to Dangerous ," discussing the carefully orchestrated public freakout over the -- all together now -- "forty trillion government debt." Over on Verdict , I have now followed up with a two-part column, "Questions About Federal Debt Are Serious, but the Wailing and the Gnashing of Teeth over the '$40 Trillion Debt' Are Not" ( Part One yesterday and Part Two today). There, I dive into some of the technical details that I was unable to fit into last week's column, and I also discuss the more mundane -- but extremely important -- consequences of increases in borrowing, in particular how public (or private) borrowing can move interest rates and thus exacerbate affordability problems. Because I hope that many readers will click over and read both parts of that column, I am keeping today's column here a bit shorter than usual. Enjoy! --------------------------...