2 ms·
>So, keep borrowing and hope it all works out? Personally I think that they should default now and start issuing tax anticipation notes like California did. Lo
by crdoconnor 12y ago
>So, keep borrowing and hope it all works out?
Personally I think that they should default now and start issuing tax anticipation notes like California did. Losing access to the credit markets is irrelevant to them now, so they might as well hit the reset button.
>references?
Explanation here:
http://socialdemocracy21stcentury.blogspot.sg/2011/01/keynesianism-in-america-in-1940s-and.html http://socialdemocracy21stcentury.blogspot.sg/2011/01/keynes...