Another Cost of Low Prices

In the matter of externalities, accusing political enemies of being terrorists even after they are cleared of all wrongdoing is a feature of having economic power.*

Good thing it’s not being done by a country G-Mu dislikes, or we’d hear about this at Marginal Revolution. But they’re too busy arguing that the Greenspan Commission were liars with malice aforethought.

*Not that the United States would ever do that.