What troubles me is the difference between the rights of bondholders and the rights of people who have paid into social security. I suspect that the idea of some will be to tell people that "we" cannot afford to honor those obligations. If so, it will resemble a Ponzi scheme. -- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
