Very few people have used the seemingly sensible argument that there is little use in arguing against public debt when borrowing is so cheap. "El vulgo admira mas lo confuso que lo complejo." My rough translation: the people admire more what is confused than what is complex. This is an aphorism of Nicolás Gómez-Dávila, a fascinating Colombian philosopher who may change your view (if you hold it) that aphorisms are best left to adolescence, as memorable but seldom meaningful little sentences. Here's a review-profile of Nicolás Gómez-Dávila in Modern Age. I thought a great deal about this aphorism in the last few days, for Istituto Bruno Leoni has chosen to do something rather unusual, by think tank
Alberto Mingardi considers the following as important: Fiscal Policy
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