Chris DeMuth, formerly head of the American Enterprise Institute, has written a sharp piece on America’s debt problem. In short, good economic ideas were corrupted by politics, which is now corrupting the public.
Part of fixing this problem will require changing the way we discuss it. DeMuth writes, “Our rhetoric must teach that, although government borrowing is appropriate for certain purposes, the routine redistribution of wealth from future generations to ourselves is undemocratic, corrupting, and ultimately impoverishing.” Read more at http://www.weeklystandard.com/articles/real-cliff_666593.html
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