Douglas Carswell's Blog

Financial folly destroys great nations

"Nothing is more vital to our supremacy as a nation ... than a sound and stable currency" said American President Cleveland in 1893. Government must do all it can "to maintain our national credit or avert financial disaster"

Reading that, I wondered what Cleveland, the 22nd President, would think of the way in which the 43rd President, Bush, and the 44th, Obama, have debaunched the US dollar, destroyed America's credit worthiness and borrowed their way to ruin?

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