Interesting question actually. Given a level of inequality, how should debt be notionally 'distributed'? https://twitter.com/jamyerson/status/725357831466192896 …
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.@gibsopi
@JAMyerson It's not like we're in 16thc Spain where you can get sloppy with sovereign debt defaults, even with a reserve currency -
@vgr@JAMyerson Much evidence, including 20th century, of debt levels of 90% of GDP or more with no negative effects. So yeah, not 16th c. - Show replies
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