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I wasn't making commentary about Puerto Rico, except in taking exception to the poster above me who was pushing the line that not only should Puerto Rico defaul
by savanaly 9y ago
I wasn't making commentary about Puerto Rico, except in taking exception to the poster above me who was pushing the line that not only should Puerto Rico default on their debt, they shouldn't even regard it as a bad thing that they have to, since after all the people lending them the money knew it might never get paid back and built it into the interest they charge.
- anigbrowl 9y agoWell, they did. There's nothing morally superior about being the lender vs. the borrower. Rich people are not better simply by virtue of having money. It's just business.
- rhizome 9y agoWhat is the exception you're taking? It sounds like it's the "regard it as a bad thing" part, which you present without support. As long as we're talking about pushing lines.
- intended 9y agoThe joy of the contract is that it is a non-moral document. Its a contract. Success or failure in being able to meet the conditions are all mapped in.