[lbo-talk] letter to the editor

[Carl Remick]

On 9/27/07, Doug Henwood <dhenwood at panix.com> wrote:
>
> I'm not so sure of that. Reagan's diaries aren't exactly Minima
> Moralia, but what I've seen aren't moronic either. He really
> impressed people like Walter Wriston, who were skeptical at first.

Walter Wriston?  Yeah, Wriston was real Mensa material and in a great
position to judge.  Wriston's most famous observation, speaking in
favor of sovereign-debt lending, was:  "Countries don't go out of
business."  As has duly noted, countries can't go bankrupt, but those
who lend to them can,

Carl