The past week has felt like “Mourning in America.” In conservative ranks, there is disbelief that a plurality of voters accept the diminished expectations of our “New Normal.” A serious debt crisis looms on the horizon, but voters were more concerned about protecting lady parts from imaginary foes and keeping taxpayer money flowing to muppets.There has been plenty of second-guessing of candidate Romney as well. But all of this misses the point.Milton Friedman said it well in 1975: “I do not believe that the solution to our problem is simply...

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