Mises Daily
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
The trigger that apparently caused the market meltdown was the ever-so-slight suggestion from Standard & Poor’s that the US government’s fiscal health might not be all it’s cracked up to be. This was not a case of the little boy noting the emperor has no clothes. It is more like the little boy suggesting that the emperor’s clothes, while