Bonus Quote of the Day:

“The whole notion that an honest and explicit debt default by the U.S.
government is an unprecedented event and the worst possible outcome
in the current situation is ludicrous given that the U.S. has been continually and surreptitiously defaulting on its debt since World War 2 via inflationary finance…”
- Joseph Salerno, from his article
“Bruce Bartlett’s Nutty Government Default
Hysteria: Here’s Another Economist for His Hit List”