Posted by sigismund on October 14, 2013, at 14:11:49 [reposted on October 14, 2013, at 14:44:14 | original URL]
In reply to Re: gov't shutdown.... :(, posted by baseball55 on October 13, 2013, at 23:19:02
Well #now# I understand the fiscal multiplier.
My basic feeling is 'why is it always poor people who end up having to pay?'
They have arrested some of the Golden Dawn party in Greece. It's not a pretty picture there. The thing with the Euro is complicated because of the rates at which each different currency joined it initially.
Actually, I read if the US defaulted, the dollar would rise (at least temporarily) because of money seeking a safe haven, like with the yen after the tsunami perhaps.
poster:sigismund
thread:1052214
URL: http://www.dr-bob.org/babble/poli/20120327/msgs/1052225.html