Brad De Long wrote:
> >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...