Any comments?

Michael Perelman michael at
Tue Apr 11 07:23:01 PDT 2000

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

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