Tuesday, April 12, 2011

Playing chicken with the global economy

I get it - we need to fix the structural problems associated with the US budget.  However, don't these geniuses realize that threatening to default (let alone actually defaulting) on the US sovereign debt will severely undermine the dollar?  It's like they actually want to have hyperinflation, so that they can claim it was all Obama's fault.  Other countries don't have a  "debt ceiling", you know.  Update:  seems I'm not alone in realizing that even talking about default is dangerous.

2 comments:

custom research paper said...

Hello my friend! I want to say that this article is awesome, nice written and include almost all vital info. I would like to see more posts like this.

Business Broadband Providers said...

Nice indeed and developing my interest though.
business broadband providers