Posts tagged “debt”

Why Greece Should Default: Its Time to Start Over

Earlier, I claimed that despite the grave consequences, Greece should default. Default would not be pretty for Greece or the rest of the world, but I firmly believe it is better than the alternative. The international consequences of a Greek default would have a significant impact on Greece itself. When Europe’s banking system starts to […]

Four Votes from the End of the World

There was a popular economic theory last decade called “decoupling”. Decoupling was the idea that the stability and viability of the world’s economies were becoming independent of each other. It held that China’s success wasn’t subject to US success, the US wasn’t subject to Europe, Europe wasn’t subject to China, and so on. Decoupling was rightly […]