Reading Jim from San Marcos' latest, it occurs to me that debt default looks like a seriously bad idea - cutting off your nose to spite your face doesn't come into it.
Saturday, August 29, 2009
2 comments:
Unfortunately, because of a plague of spam comments, you need to be a "registered user", otherwise your observations will be buried in a torrent of multilingual nonsense. Please do comment!
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Sigh. There is a way out of it and I'll keep putting it, in four steps.
ReplyDeleteDebt default, as you say, does not do it.
Most columnist-type journalism involves repetition.
ReplyDelete