Monthly Archives: August 2011

Wrath of the welfare state

It’s funny what gets people’s attention. A few thousand feral rioters try to smash everything in London they can’t steal or burn and suddenly everyone’s worried about the direction our lack of civilization is taking. You may be thinking those riots were pretty major. But not compared to 40 years of social and economic dislocation that led to them.

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At the end of their rope

When people go rock-climbing they all tie into a rope for safety. But you also have to tie the rope to the cliff or it just guarantees that a slip will pull everybody down. I bring this up for the particular benefit of the European governments clinging to a ledge on Debt Mountain roped together by a Euro bailout plan.

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