Nov 21, 10 •
560 Views •
Economic Debates, Government, Macroeconomic Measurement, Money and Monetary Policy •
Elaine Schwartz •
What would happen if a state defaulted on its debt? It is unlikely. It has not happened since 1933. But…what if? In a fascinating simulation at The Economist’s Buttonwood Conference, an auspicious group of role players simulates a state debt
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