Jonathan Swift

Everybody Hates Leveraged ETFs

If we want to keep America's strengths alive we have to recognize that government paternalism is no substitute for expecting personal responsibility overall. Personal responsibility is the basis on which successful societies are dependent. That means accepting, among other things, that "fools and their money are soon parted!" If we don't let the poor decisions of individuals and institutions lead to failure (and the good decisions to lead to success), we do not have a viable, thriving free society.