The Markets Always Win

The hubris of our political class has astounded me for years. They have long believed that their perversion of Keynesian economics is the correct way to manage a modern economy. (Keynes was brilliant and, although I disagree with his conclusions, he was right in his own way.)

Margaret Thatcher had a great quip that the problem with Socialism is that "sooner or later you run out of other peoples money". For the United States, that time may have finally arrived.

My hope is that our political class finally takes this kick in the head as an opportunity to finally address a situation that has been building my entire life (and I'm no spring chicken). 


One lesson they need to learn is that the markets always have the last judgment on government finances. The markets always win; always.