Reminder to the peasants
“‘Theirs not to reason why, / Theirs but to do and die’”
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* Fund managers want the EU to issue debt to upgrade defense
* Underspending has left states vulnerable to Russian aggression
Sadliest best line – imho : “A debt-funded EU defense program “would be a very welcome development — an Hamiltonian moment so to say,” said Kaspar Hense, a senior portfolio manager at RBC BlueBay Asset Management, referring to the Treasury secretary who in 1790 helped turn the US into a federation by pooling the debt of various states. “I would not worry about there not being demand.”