Skip to main content

Posts

Showing posts with the label Mercatus

Bankruptcy In Connecticut

It’s more than a whisper. Hartford, Connecticut’s capital city, already is bankrupt; no one as yet has bothered to read the last rites over the corpse. The city’s formal announcement of bankruptcy can be deduced from the math, and there is no quarreling with math, as Mr. Micawber, a character in Charles Dickens’ David Copperfield , well knew: “"Annual income twenty pounds, annual expenditure nineteen pounds, nineteen shillings and six pence, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."