August 1, 2015

Quote of the Day

As Tyler Durden explains at ZeroHedge.com, policies imposed from Washington must shoulder a big part of the blame for [Puerto Rican insolvency]: the wizards on the Potomac encouraged debt and deficit spending, priced hundreds of thousands of Puerto Ricans out of entry-level jobs with a punishing minimum wage, taxed and regulated commerce and investment to a crawl, and showered the island with debilitating welfare. The place would be a showcase of government-induced prosperity except for one sticking point: government. -- Lawrence Reed
Quote of the Day Posted by John Kranz at August 1, 2015 7:12 AM

Even Raul and Fidel could not have screwed the place up this bad, this fast.

Posted by: johngalt at August 1, 2015 10:33 AM

My favorite quote is:

academia back in the United States (where failure is celebrated as long as you worship the state and have good intentions

Posted by: nanobrewer at August 1, 2015 12:15 PM | What do you think? [2]