2 ms·
Surely that's what makes it a valid analogy? Countries that have their own currencies have an escape route from debt in the form of devaluation, which makes th
by gpjt 15y ago
Surely that's what makes it a valid analogy? Countries that have their own currencies have an escape route from debt in the form of devaluation, which makes them unlike small businesses. Countries that use a shared currency (or issue debt denominated in another country's currency) don't have that escape route, which makes them much more similar to small businesses.
OTOH it's hard to take an article seriously when it contains the phrase "way more than they ever should of". Perhaps the copy editor was having a bad day.