Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
very interesting... thanks luis!

ChrisCook:

But leaving its currency out there for international purposes meant that the country would have to continually buy more than it sold

that's the hinge i don't understand yet. would there be a way to avoid this? it sounds so inevitable, put that way, but is it totally necessary, or just so historically probable as to seem that way?

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Oct 6th, 2009 at 12:59:22 AM EST
[ Parent ]
And all this time I thought it was just because we were gluttonous fools.  Does this mean we've been virtuous gluttonous fools?

We all bleed the same color.
by budr on Tue Oct 6th, 2009 at 07:07:47 AM EST
[ Parent ]
didn't you get the memo?

give us each day our ten tons of wonderbread...

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Tue Oct 6th, 2009 at 09:58:15 AM EST
[ Parent ]

Display:

Top Diaries

Occasional Series