The Welfare State is Doomed

by Bill Bonner
Daily Reckoning

BALTIMORE – No whining and kvetching about the Deep State today.

Instead, we sit at its feet, admire the cut of its jaw, and sing its praises.

We are grateful to it… and not just as a source of amusement. In short, we delight in its incompetence.

Preposterous Initiative

What brings this to mind is a small item in the news, which, like a pool ball careening across a felted table, knocked two or three others in their pockets before coming to rest.

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