Our attention in today’s Daily Reckoning is neither on the Old World nor the New one — but the ever-changing, never fully explored idea of America.
“Proud to be an American,” says one bumper sticker. “One nation — indivisible,” says another. America was, of course, founded on the opposite principle… the idea that people were free to separate themselves from a parent government whenever they felt they had come of age. But no fraud, no matter how stupendous, is so obvious as to be detected by the average American. That is America’s great strength… or its most serious weakness.
