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THE IDEA OF AMERICA, PART II
Dangers of the State
How could a state – the American state – founded on the ideal of individual liberty become so powerful? How could a state embodying the idea of America become so anti-American? It is true that all Western states have followed the same route during the 20th century, and that their citizens have lost many of their traditional liberties. But how can we explain that this also happened in America? In many areas, the conditions of individual liberty and privacy have become even worse than in other countries.
Consider a related paradox. Canada remained a British dominion while America…
10Jul2008 | Daily Reckoning | Comments Off | ContinuedThe Magical Debt-Free Sweet Spot
There’s a house on my block
That’s abandoned and cold
Folks moved out of it a
Long time ago
And they took all their things
And they never came back
Looks like it’s haunted
With the windows all cracked
And everyone call it
The house, the house where
Nobody lives
Once it held laughter
Once it held dreams
Did they throw it away
Did they know what it means
Did someone’s heartbreak
Or did someone do somebody wrong?
– Tom Waits, “House Where Nobody Lives”
This just in… Bloomberg reports that Americans continue to fall further and further behind on their mortgage payments.
Unemployment is rising. And now, carpenters, plumbers and even granite countertop installers are getting jobs with…
2Jul2008 | Daily Reckoning | Comments Off | Continued
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