Timmy elsewhereNovember 14, 2010 Tim WorstallTimmy Elsewhere3 CommentsAt the ASI. Default\’s not as bad as people make it out to be. previousHow extraordinarynextNot again! 3 thoughts on “Timmy elsewhere” Matthew November 14, 2010 at 6:50 pm Good to see Ukip (or at least Nigel Farage – not sure if it is party policy or his own view) supporting AV. Tim adds: There are times when there’s not a great difference between the two….. dearieme November 14, 2010 at 10:41 pm How bad default is surely depends on whether you are the defaulter or the defaultee? Gareth November 14, 2010 at 11:20 pm “After all, this is hardly the first time that a sovereign state has said “Oops, all the money’s gone” now, is it? As, to take a short list, Russia in 1991, then 1997-8, Argentina in 1982, 90 and 2001, Brazil and Chile both in 1983, Ecuador in 1982, 99 and 2008, Uruguay in 1983, 87, 90 and 2003, Venezuela four times since the 1980s and, umm, Greece for fully 50% of its years as an independent country, show us.” The general trend there is that once you’ve defaulted once you’ll do it again. Did Brazil and Chile learn their lesson and all the others continue as before? Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.