Timmy elsewhere

At the ASI.

Default\’s not as bad as people make it out to be.

3 thoughts on “Timmy elsewhere”

  1. 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…..

  2. “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

Your email address will not be published. Required fields are marked *