The National Endowment for Democracy can claim it is in the business of democracy promotion. In reality, it does anything but that, unless “democracy” is entirely synonymous with elite U.S. interests.
When debt grows so much that people don’t believe the Treasury will pay it, they sell their bonds and buy other things, sending prices through the roof.
In perhaps the most predictable column of the year, the Wall Street Journal this week featured a column by Walter Russell Mead declaring it's "Time to Increase Defense Spending."
