Tuesday, April 26, 2011

Quote of The Day

"Ireland is being made to pay for deciding to socialise its private debt at the end of September 2008. That was the original sin. ...And now policymakers are talking about privatising state assets in order to pay for part of the costs of the socialisation. Whatever the other merits of privatisation, this does not make sense – the right solution is to (re)privatise the debt." Richard Portes

ht Stephen Kinsella

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