Government is slow, political, favor giving, dumb, inefficient, corrupt, lies with impunity, and generally immune to prosecution. They are not transparent and in the process of screwing things up, they are overly optimistic about future revenues and greatly underestimate future costs. You can generally do quite well betting against government "guarantees".
John
#government #luckyandgood #biggovernment #corruption
Lucky and Good is available on Amazon at http://www.amazon.com/dp/B00EUN8J5Q Featuring the posts of Jerry White
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