Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
Debt which was justified on the basis of the economic environment at the time of issue may cease to be justified at some point in the future.

Debt becomes bad when it becomes clear that future earnings will not retrospectively validate the valuations made at issue.

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman

by Migeru (migeru at eurotrib dot com) on Fri Feb 4th, 2011 at 08:38:31 AM EST
[ Parent ]

Others have rated this comment as follows:

ATinNM 4

Display:

Top Diaries

A Tale Of Two OCAs?

by afew - Apr 20
46 comments

Oil Market: Follow the Money

by ChrisCook - Apr 20
2 comments

On the RhB 3: the Davos Line

by DoDo - Apr 11
4 comments

Occasional Series