Thursday, July 2, 2015

The US and Greece are different - Business Insider

The US and Greece are different - Business Insider: "Aside from the spurious 30 year trend line, this appears like an alluring story. Greece is a country. The USA is a country. If Greece can default because of high debt then couldn’t the USA default because of high debt? Technically, yes, but the crisis would materialize in a very different way thanks to the institutional design of the US monetary system. Let me explain."

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