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Washington Offers Up Bread and Circuses, but the U.S. Is Remarkably Resilient

John Fund, National Review

We cannot follow our present course indefinitely before the lack of seriousness catches up with us. Adam Smith, the 18th-century father of modern economics, once reassured a friend that there was a “great deal of ruin in a nation,” by which he meant that it takes an awful lot to bring down a powerful and prosperous state. So while we should be pleased our country appears to be handling its current stress tests, we shouldn’t ignore the earthquakes that could come if we don’t pursue permanent reforms.

https://www.nationalreview.com/2018/05/america-resilient-economy-political-institutions-washington-bread-and-circuses/