Washington Post on A16

Brad De Long delong at econ.Berkeley.EDU
Thu Apr 20 07:35:45 PDT 2000

>Brad, please let me know what you think about the US default in the 19th
>C. as a model.
>Michael Perelman

We tried that in the 1980s with Latin America. It didn't work so well. Economic development essentially froze for five years as everyone waited to see what the resolution would be.

Much better to clean up government and private enterprise balance sheets quickly...

Brad DeLong

More information about the lbo-talk mailing list