“Mr. Musk’s chaos would be the worst possible solution to this spending chaos if not for the fact that more-orderly reforms are all but out of reach, thanks the iron law of concentrated benefits and diffused costs. There ought to be a better way, you keep thinking. Unfortunately it’s probably DOGE or nothing until we’re faced with a pell-mell retreat from government spending because the market will no longer buy U.S. government bonds at any price.” – Holman W. Jenkins
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