March 28, 2014

LITIGATION: Argentina Is Joined In The Supreme Court By The Coalition Of Weasels. “The overriding theme of the three briefs is how terribly important it is for a country in crisis to be able to walk away from debt. . . . Never mentioned is that the ‘crisis’ in Argentina actually consists of nothing more than that the politicians would rather spend money on various forms of vote buying than on paying their debts. They don’t have to pay for any wars. (The Falklands war was way back in 1982.) They haven’t had any natural disasters to speak of. Whatever crisis they have is completely of their own making, born of incompetent economic policy and waste. Argentina is famous for an economy dominated by crony capitalism and subsidies.” Good thing we could never end up like that.

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