Any comments?

[Michael Perelman]

One difference.  When US states defaulted in the 1830s/40s, they did fear
experience military threats or even serious boycotts.

Brad De Long wrote:


>
> What examples are you thinking of? Do you really believe that it was
> fine for the U.S. and Canada to use capital from the industrial core
> to finance their industrialization, but that it is not fine for
> developing countries today to do the same?
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu