TacticalCoder on NYTimes opinion article proposes default as a way to deal with US National debt

Comment on NYTimes opinion article proposes default as a way to deal with US National debt parent

If they do reset it all, then I want to see several acknowledgment:

    1. we ran out of other people's money

    2. we probably shouldn't have abandonned convertibility to gold

    3. goldbugs correctly saw it coming (and unlike in the past, this time we won't confiscate their holdings and moreover we promise, in the future, to never ever make fun of goldbugs)

bigbadfeline 19d

we probably shouldn't have abandonned convertibility to gold

I just wrote about the abundance of wrong economic paradigms and how easy it is to invent fresh new ones, each worse than the previous... and you put me to shame.

I totally forgot that we could recycle the old garbage (gold) as if nothing has ever happened. Shame on me.

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