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The government can only unwind its debts when someone else wants to borrow massively.

Why is this? If I'm the minister of finance and don't feel like rolling over my bonds as they come due, who's going to stop me? I don't need the permission of some other borrower.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Wed Dec 14th, 2011 at 10:47:50 AM EST
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