I agree, one of the reasons I like muni's is that I feel they have the potential to do real things to help real citizens. But I do try to screen for what I consider to be valuable uses and hopefully ethical municipalities, and I won't go below "a rating with an A in it". I've sold for as much as 18% over purchase price, in addition to getting steady interest all along, but my conundrum is what would I purchase instead that would give me as good an income stream, so for the most part I just sit on them. It's confusing to me that muni's And stocks And gold all seem to be selling for a premium ... aren't some of these supposed to be hedges against the others???