Of trade deficits and tithes

"In other times and places, such arrangements have been referred to as tribute, and were not handled through global 'free' asset markets."

It has always been the case that when a debtor gets too big to be allowed to fail, creditors will give you a whole lotta rope for a mighty long time, then bail you out in the end.

Columbus Guy says: Those aren't creditors. Those are partners.