Saturday last we offended the pieties.
We reckoned that democracies — being shortsighted — tend toward vast accumulations of debt.
In response, reader Tom B. dealt with us as follows:
The committed ignorance of pseudointellectual arrogance and their refusal to take an economics class on the uses of the FIAT dollar is stunning! It’s the reason Warren Buffet [sic] smiles every time “financial experts” demagogue debt!
Congrats, Daily Reckoning, you’re consistently ignorant!
It is with high honor that we accept Tom’s congratulations.
True consistency is a rare feat in this world… even if consistently ignorant. Continue reading