Saturday, January 21, 2012

On Debt paranoia

Does Debt Matter? - Robert Skidelsky - Project Syndicate:
"As with “the specter of Communism” that haunted Europe in Karl Marx’s famous manifesto, so today “[a]ll the powers of old Europe have entered into a holy alliance to exorcise” the specter of national debt. But statesmen who aim to liquidate the debt should recall another famous specter – the specter of revolution.

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'via Blog this'

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