Mises Daily
Author:
Robert P. Murphy
Online Publish Date:
On Monday, Standard and Poor’s (S&P) announced that although the US government would retain its AAA debt rating, the outlook for the United States’ future was being downgraded from “stable” to “negative.” The move is a welcome if tepid acknowledgement of the fiscal train wreck of which Austrians have been warning for years. The S&P Announcement