Quote:
Originally Posted by Tyrone Slothrop
The problem is not too much debt, and I think it's lunacy to suggest that China is the reason that we, Europe and Japan keep protecting creditors.
|
Agreed that we should, and should have, let more shitty lenders fail. Rubbing out China was a joke, but I should have known you wouldn't see that.
I thought one of the points being made was attacking
Britain's austerity program, which is not about inflation, it is about reducing their debt. And I was paraphrasing PM Cameron from yesterday on just that subject - "The one thing we mustn’t do is abandon spending and deficit reduction plans, because the solution to a debt crisis cannot be more debt.”
http://www.telegraph.co.uk/finance/f...lls-0.2pc.html .
It may have been too subtle, though, since only I am being forced to watch the BBC to get my news.
LessinAswan
