, Columnist
Fight Over Default Is Fight Over New Normal
The epic debt-ceiling fight will be just the first of many in an era of slower growth.
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Are you depressed by the spectacle in Washington? You may not be depressed enough. This morning I read a recent paper by Brink Lindsey of the Cato Institute, and commentary by Robert Samuelson of the Washington Post, and frankly, I think I need some Prozac.
You really need to read Lindsey's full paper, but here's the nub: