March 25, 2013

TIMELY REMINDER: A Deposit In A Bank Is Not A Riskless Form Of Saving. Plus this: “When states become insolvent, the piper must ultimately be paid. Fatal, embarrassing insolvency is not a problem that can be perpetually or painlessly deferred.”

Something that can’t go on forever, won’t, to coin a phrase.

RELATED: German Bailout, Russian Haircut.

Comments are closed.
InstaPundit is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.