There's No Such Thing As a Free Lunch Market

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The Tribune editorial board's unwillingness to let John Q. Public play with video poker machines while getting the vapors whenever someone tries to "artificially restrain the banks" (I had no idea that deregulation is a biological imperative) suggests a historically unwarranted yet touching faith in noblesse oblige.

It also says a lot about class that I choose not to contemplate, having just eaten lunch.

Paul Krugman has an instructive chart that shows when all this terrifying debt started to really pile up. If you guessed "just in time for a Democratic president to deal with it," you're right.

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