I have a new column going up later today, but we have a ton of new readers here of late. This post is not among the most important I have written, but it is vitally important for understanding what is happening around us. This first appeared on Oct. 26, 2014.
By Charlie Johnston
If a man develops a serious degenerative illness, he has a couple of choices on how to proceed. He can take medicine designed to ease the pain and mask the symptoms. That will make him feel better for a time, maybe even a good, long time. But if he doesn’t deal with the underlying cause of the illness, it will advance, eating away at him. If he waits long enough before taking action, it will eat away his chance to cure it. And then he will die, which might have been avoided if he had taken serious steps earlier rather than just masking symptoms. That is not the state of the American economy: it is the state of the world economy right now.
I have both bad news and good news. The bad news is that the entire…
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