This is no way to run a country

Fitch's downgrade of the US's credit rating sends a powerful signal to US politicians. But will they listen?

The market turbulence caused by Fitch’s downgrade of the US’s sovereign credit rating appears to have passed. Once they had stopped panicking and started thinking, investors remembered that the US is still the richest economy in the world, and still has the “exorbitant privilege” conferred by being the world’s primary reserve currency issuer. A one-notc…