European Lending Merry-Go-Round

It’s said that the price of freedom is eternal vigilance. It would seem that this is also the price of national financial solvency. Democracies fail because apathetic people can’t be bothered to pay attention, and hold their leader’s collective feet to the fire. Worse, many citizens demand their governments provide them with an endless flow of benefits without bothering to care where the money for these things will come from. Limited government is financially responsible government.

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