“I can’t help but wonder what America’s auto barons like the Dodges, Firestones and especially Edsel and Eleanor Ford – whose donations and charitable support over the decades has created the cultural gem that is the Detroit Institute of Art – would think of their art being auctioned off to pay government debt. Will Disney one day own Yosemite National Park or Old Faithful? Will Six Flags own Mt. Rushmore? Will hedge funds buy up tracks of national forests and manage them like they would manage other timber assets? Those are legitimate questions, given a federal debt so large it cannot possibly ever be repaid.”
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