Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state.
'What am I missing?' is a much more important question than 'How cool am I?'
I've never let my guard down by saying, 'I don't need to be hedged.'
In both the U.S. and Europe, the budget and balance sheet numbers do not work. When 'off-balance sheet' promises are taken into account, the U.S. and most countries of the Euro zone are insolvent.
The world, in terms of choices available to educated, ambitious workers and entrepreneurs, is way bigger than just the United States, Japan and Europe.
The bottom line is that the euro is a failed experiment.
Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
