@B_Eichengreen @pmarca which have, ever, in the last 150 years?
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@B_Eichengreen@pmarca That's great. They still have to repay what they borrowed.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@pmarca And impossible to do so in a currency union where one nation runs massive trade surpluses. Balance of pmts issue. - 1 more reply
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@B_Eichengreen High debtc country feature: to a different scale applies also to Italy Bigdebt->big interest spending->no fiscalspace>surplusThanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@pmarca What have you been drinking?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@B_Eichengreen@pmarca Few? Try none.Thanks. Twitter will use this to make your timeline better. UndoUndo
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