I have some really annoying credit card debt. Maybe I should have a little referendum in my one person household and decide not to pay?
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Argentina and Russia defaulted in the 90s. Very little long term consequences.
@andersostlund@mackaysuzie -
@peterjukes@mackaysuzie Where do you read your history? Both Russia and Argentina are major basket cases today thanks to the 90s defaults. -
Not because of the defaults. Argentina and Russia grew rapidly 1998-2010. Other problems at work there
@andersostlund@mackaysuzie -
@peterjukes@mackaysuzie Russian default in the 90s led to the rise of Putin. The rise of Putin led to current disaster. No? -
@andersostlund@peterjukes@mackaysuzie sequentiality is not causality
End of conversation
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