Don’t Worry, the Fed Will Take Care of You

If the bogeyman arrives at the door, and the USG defaults (as versus its gradual but gigantic default through money printing), if the deficit problem cannot be solved with more deficits, the Fed will save us all. Take a look at this MSM definition of default: “the world’s biggest economy run[ning] out of cash on August 2.” The state is the economy. The nation is the state. We are all the state.

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8:08 am on July 21, 2011