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So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
The IMF makes a suggestion that will cause US libertarians to crawl into a fetal position tightly clutching their copies of Atlas Shrugged softy murmuring "Ron Paul will save us. Ron Paul will save us"
AnSionnachRua · 4195 days ago · link ·
As an Irish person, I would be very happy to see this happen..."Rather, banks would become what many erroneously believe them to be today, pure intermediaries that depend on obtaining outside funding before being able to lend."