There’s a famous exchange in Hemingway’s “A Place In The Sun.” Someone asks Mike Campbell, “How did you go bankrupt?” “Two ways,” he replies. “Gradually, then suddenly.”
I get asked with distressing frequency by Americans where I would recommend fleeing to. The reality is, given the dollar’s decline over the past decade, that most Americans can no longer afford to flee to any place worth fleeing to. What’s left is the non-flee option: taking a stand here, stopping the spendaholism, closing federal agencies, privatizing departments, block-granting to the states – not in 2040, but now. “Suddenly” is about to show up. Mark Steyn