After the Obama administration shredded bondholder rights in the Chrysler and General Motors bankruptcies, the rule of law in the United States now is on par with China’s.

So what’s the over-under on how long it takes us to dig ourselves out of this mess, even if some magical economic-genius free-market stud becomes president. Ten years? Twenty?!

Confucius, Œc. Vol.

Don’t ask impertinent questions like that jackass Adept Lu.