An Experiment in Scotch

A fas­ci­nat­ing arti­cle at New Deal 2.0 details the steps we are tak­ing towards a likely sec­ond Great Depres­sion. At a time when economies are tee­ter­ing on the edge of recov­ery and a sec­ond reces­sion, gov­ern­ments are start­ing to make noises, par­tic­u­larly in Europe, about reduc­ing deficits as a model for respon­si­ble finan­cial health. Unfor­tu­nately, …