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September 02, 2004
"A Nation of Happy Hallucinators"
Bill Bonner's take on American politics was summed up nicely by Hemmingway, whom he quoted:
"The first panacea of a mismanaged nation is inflation," wrote Hemingway. "The second is war."
Bonner says:
"Government has proved completely inept at fighting illiteracy, poverty and drugs. Liberal activists found that they could no longer expand government spending – and their own authority – except by becoming 'neo-conservatives' and focusing their do-goodism on foreign policy. Besides, who will oppose war spending when the nation is in danger?
"Of course, the nation is in no danger at all. A handful of murderous fanatics represent a threat to Americans – along with muggers, rapists and reality TV – but not to America itself. Only by reacting to terrorists in an absurd and hysterical way can the nation defeat itself."
Posted by George F. Smith at September 2, 2004 09:07 AM
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