Any comments?

[Brad De Long]

>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

It's not the stock that is the problem, it is the flow...