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.