The American Republic will endure, until politicians realize they can bribe the people with their own money. The point to remember is that what the government gives it must first take away. It would be strange if taxation by interest groups should not result in taxation according to interest. Bake it into pies, probably. Anything to avoid creating jobs.
Nothing is so permanent as a temporary government programme.
We now feature cryptograms for your entertainment, with a new one added every week. Piece Give growth a chance Many people are calling for interest rate cuts to head off a looming world recession. But in fact, rates should fall more than most experts would dare suggest. This is because we have moved into a new economic era, where microprocessor technology is making world economies dramatically more productive. And that means that lower interest rates will simply fuel this surge in output, without going on to fuel inflation.