Tag Name "Default" (146)

One of the big problems in America's economic polarization and shrinkage is that pensions can't be paid. So there are going to be defaults on pensions here, just like Europeans are insisting in rolling back pensions. You can look at Greece and Argentina as the future of America.

What I am against is false optimism: the notion either that things have to go well, or else that they tend to, or else that the default condition of historical trajectories is characteristically beneficial in the long-run.