2 ms·
I recently read a fiction book, "The Panic of '89" by Paul Erdman, which discusses a hypothetical terrorist plot to create an international run on US-priced fin
by chopsueyar 15y ago
I recently read a fiction book, "The Panic of '89" by Paul Erdman, which discusses a hypothetical terrorist plot to create an international run on US-priced financial instruments and institutions. Interesting hypotheticals abound.
It also mentions the Gramm-Rudman act, which I had not heard of prior to reading the book. It was an 'Emergency Deficit Reduction Act' from 1985.
http://en.wikipedia.org/wiki/Gramm%E2%80%93Rudman%E2%80%93Hollings_Balanced_Budget_Act http://en.wikipedia.org/wiki/Gramm%E2%80%93Rudman%E2%80%93Ho...