Any comments?

Brad De Long delong at econ.Berkeley.EDU
Wed Apr 12 09:12:28 PDT 2000



>Brad De Long wrote:
>
>>
>>
>> Touche...
>>
>> 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...
>>
>
>You default. Or threaten to do so and pay x cents on the dollar.

As I said, the big problem is the flow, not the stock: you need money to pay for your current imports...

Brad DeLong



More information about the lbo-talk mailing list