Joe Doakes from Como Park emails:
It happened once, when the government ran out of money in the midst of a Depression.
Could it happen again?
Good question.
On the one hand, you’d hope people would learn from history.
On the other hand, government isn’t “people” in the sense of “individuals acting in concert toward the mean of their best interests”.
And the record throughout history of “governments empaneled by waves of populist fervor on platforms involving mostly giving stuff to people” just isn’t all that good.
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