Any comments?

[Michael Perelman]

Default, like the U.S. states did in the 19th C.?

Brad De Long wrote:


> But if you hit the wall, and if there's no IMF to loan you anything,
> then what do you do? You have your freedom of action, you just have
> no money to pay for your imports...
>
> Brad DeLong

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

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