I apologize for linking to the tabloid world of Fox news, but the title of this story seems to me to represent everything that is absurd about the reasoning of the deficit hawk loonies. http://www.foxbusiness.com/story/markets/industries/government/world-broke/
I mean how does it make any sense to even ask if the whole world is broke? Is this not some kind of a weird fallacy? When we say an entity is broke or insolvent, we mean that the liabilities of that entity exceed the value of its assets? Is it not then an accounting identity that the liabilities of the whole world must necessarily equal its assets? -raghu. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
