You Just Always Got a Story, Dontcha?

A friend of mine made the argument that it was better for government to run things because the government doesn't have to make a profit. If they run out of money, he opined, they can just make more. And besides government does that sort of thing better than the private sector BECAUSE politicians and government workers don't have to worry about making a profit. That sounds like it makes sense, but it doesn't work out in the real world. My friend is dead wrong about that.

The government is very...