Saturday, December 24, 2011

A Christmas Story

From FT via Gang8.


Greg said...

Great story.

Unfortunately Im not as optimistic as he is here

" Either you enter a process of debt deflation and “concentrate property at the top of the income distribution”, he says. “Or you write down debts to amounts that can be paid, in which case you can keep a middle class.” If these are the alternatives, jubilees may yet stage a comeback"

For some reason I think too many modern people (Americans anyway) care less about being middle class, they want the chance to be super upper class.
They hold these debt owed as sacred.

The Arthurian said...

Luke 16:5-6