Saturday, January 04, 2014
IMF Says: By the Way, There’s a Debt Crisis | Power Line: I see it as being a situation like the 1930s in Great Britain. There is a catastrophe looming on the horizon and the only people talking about are ostracized by polite society. The good news is that then the disaster comes the people that were warning about it and discounted as extremists will have a new credibility. The more one is castigated as a fiscal extremist today the more one will have credibility when the whole monstrous edifice of debt comes crashing down.