various items, tidbits, comments and general points of fascination.


Quote

Jun 18, 2010
@ 12:19 am
Permalink

Despite the surge in federal debt to the public during the past 18 months—to $8.6 trillion from $5.5 trillion—inflation and long-term interest rates, the typical symptoms of fiscal excess, have remained remarkably subdued. This is regrettable, because it is fostering a sense of complacency that can have dire consequences.

Alan Greenspan: U.S. Debt and the Greece Analogy - WSJ.com