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Interesting argument.

Jon Corzine made bets on government.  He invested in the sovereign debts of European countries and reportedly told an associate, “Europe wouldn’t let these countries go down.”  This was a big mistake.  MF Global would still be among the living if it had invested in corporate bonds, even high-yield junk bonds.  His investments would have made money.  In other words, capitalism was safer than socialism, which is something supply-siders understand, but Keynesians don’t.

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