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Tuesday, February 23, 2010

American Exceptionalism

http://www.marketoracle.co.uk/Article16702.html

One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.

That's pretty exceptional.

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