I have had this idea in the back of my head for a long time, that somehow the loss of our common cultural identity in favor of cultural balkanization (blacks vs whites vs La Raza vs Native Americans vs ...) was not merely bad but ultimately fatal, but wasn't able to articulate it. Steve Schippert does a very nice job, here:
http://threatswatch.org/commentary/2008/07/my-country-tis-of-thee/
The Panic of 1837: An Austrian View
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The traditional explanation of the Panic of 1837 recognizes that excessive
bank credit expansion generates inflation, speculation, and economic
instability...
2 hours ago