Sovereign Debt Crisis: The French Left Wants To Simply Burn The Debt

Sovereign Debt Crisis: The French Left Wants To Simply Burn The Debt Submitted by Thomas Kolbe For economic illiterates, socialists and social-state engineers, the world consists of one fundamental problem: Where does the credit come from that is supposed to turn the visions of central planners into a new reality? Once that question has been answered and the shaky financing is in place, the work can begin. Ideally, socialists operate in a zero-interest-rate world in which even t...

By Tyler Durden