In a message dated 7/10/2004 12:27:28 PM Central Standard
Time,
[EMAIL PROTECTED] writes: Sachs has
always been basically a man of the left, and has been saying sensible things
about sovereign default fo longer than anyone else I can remember (including me
and Richard Portes). Perhaps the whole Harvard Institute thing should be
viewed by revisionist historians as a brief aberration in the career of a
basically good bloke.
dd
Comment There is some basic economic common sense involved in exchange
and debt. As long as I owe the banks and financial institutions $50,000 and a
house mortgage I have a problem . . . a debt problem.
When the banks allow me to run my debt up to $1,000,000 - and
I am making ever humanly possible effort to attain this goal ... they have the
problem. $50K . . . my problem . . . $1m . . . the banks problem. And I
have forbidden the wife from us ever discussing insurance to cover our debt.
Africa cannot pay its debt and the Russians are stopping
payments here and there. Putin is burning the midnight oil . . . and the shift
is going to hit the fan. What is taking place is the first wave of political
assertions of the real social revolution. Sorry if it does not conform to the
text in ones head.
Melvin P. |
- Fw: [stop-imf] Africa should not pay its debts - Jeffrey... Chris Burford
- Re: Fw: [stop-imf] Africa should not pay its debts ... Perelman, Michael
- Re: Fw: [stop-imf] Africa should not pay its de... Daniel Davies
- Re: Fw: [stop-imf] Africa should not pay it... sartesian
- Africa should not pay its debts - Jeffrey S... Paul
- Re: Africa should not pay its debts - J... Michael Perelman
- Re: Africa should not pay its debts - J... Daniel Davies
- Re: Africa should not pay its debts - J... Louis Proyect
- Re: Fw: [stop-imf] Africa should not pay its debts ... Waistline2
- Re: Fw: [stop-imf] Africa should not pay its debts ... Carl Remick
- Re: Fw: [stop-imf] Africa should not pay its debts ... Carl Remick
- Re: Fw: [stop-imf] Africa should not pay its debts ... Waistline2
- Re: Fw: [stop-imf] Africa should not pay its de... Daniel Davies
- [stop-imf] Africa should not pay its debts - Jeffre... Charles Brown