Historically speaking, they’ve got about a 50/50 chance of it working out, right?
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Their victory this decade might turn out to be a Pyrrhic one. They will have to take the biggest hits in the next crisis, as the Fed Reserve and nat gov’s no longer have the policy bullets to subsidize their losses.
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Yes, but we should stop giving praise to people for telling us it's raining and start finding people who can build a boat.
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Phew! For a second there I was worried you'd have me agreeing with something Dreher wrote.
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