weren't locked out of the bond market forever-- Mexico's 30 year bonds are standing at about 6.8% right now
6.8% represents quite a bit of risk in this environment of historically low rates. How is Argentina doing?
I mean, I agree that people will eventually "forget", but that's always with the assumption that the "last time" was some unique set of circumstances.
It's amazing to me that people still believe that the best way to reap the benefits of capitalism is to seize or extort the capital from the capital owners. Of course, everyone thinks that those capital owners are some mysterious "other", and they'll be unscathed by the wealth grab. I wonder what people would think if they were told by the government that their savings and investments were being reset to zero so some students could get a free education? Probably wouldn't be so impressed...
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6.8% represents quite a bit of risk in this environment of historically low rates. How is Argentina doing?
I mean, I agree that people will eventually "forget", but that's always with the assumption that the "last time" was some unique set of circumstances.
It's amazing to me that people still believe that the best way to reap the benefits of capitalism is to seize or extort the capital from the capital owners. Of course, everyone thinks that those capital owners are some mysterious "other", and they'll be unscathed by the wealth grab. I wonder what people would think if they were told by the government that their savings and investments were being reset to zero so some students could get a free education? Probably wouldn't be so impressed...