By Karl Denninger

There are many who have expressed the opinion over the years that the United States should go down some sort of “revolutionary” road. The topic has come up repeatedly in various areas of what was Tickerforum and I have repeatedly slapped it down, noting that only a fool who pays no attention to history pines for such a thing irrespective of how bad you may think the situation is.

Those who refuse to learn from history are destined to repeat it. Unfortunately the sort of “repeat” you get in this kind of situation is the sort you definitely do not want, as it is almost never one that leads to a good outcome.

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