"Late last week JPMorgan Chase announced that it had lost some $2.3 billion, and possibly more, as a result of bad investment decisions made by its risk-hedging operation. ...The federal government borrows more than $2.3 billion every day. But that’s only the tip of the iceberg when it comes to government failure and stupidity. The federal government will spend $668 billion this year on 126…[more] |
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—Michael Tanner, Cato Institute Senior Fellow
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