Jun

23

 Reinhart and Rogoff said governments usually get out of debt crises by default/decree or printing inflation. The next edition will include a chapter on what happens to sovereign debt when a government doesn't control its own currency.

Gary Rogan writes:

When Einstein was a boy, seeing a magnetic compass convinced him that
there had to be "something behind things, something  deeply hidden." 
This is the same way, there is something deeply hidden behind things. 
The world doesn't work as most people expected it to work, but they are
finally getting clued in. 


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