Submission + - "fiscal cliff" merely a distraction (youtube.com) 1
crutchy writes: Is the "fiscal cliff" just a distraction? The real cliff would seem like a currency crisis as defined by the Triffin dilemma.
The US has enjoyed huge financial advantage and potential for more than half a century, but I really feel sorry for American youngsters, who are set to inherit a financial disaster the likes of which the world has never seen before.
http://en.wikipedia.org/wiki/Triffin_dilemma
The US has enjoyed huge financial advantage and potential for more than half a century, but I really feel sorry for American youngsters, who are set to inherit a financial disaster the likes of which the world has never seen before.
http://en.wikipedia.org/wiki/Triffin_dilemma