Saturday, July 19, 2008

Where is the Outrage

Jim Grant brilliantly writes about the slow, boiling frog victory of populism. Paper money, socialized credit risk, socialized education, socialized home lending, socialized savings, socialized medicine, socialized banking, socialized deposit insurance, etc., ad nauseum. The slow creeping victory of populism, crystalized only in retrospect.

Why No Outrage? -

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