I strongly encourage people to read this accessible piece on a complex issue.

I particularly appreciate Nathan emphasizing something I’ve also repeatedly brought up, which is any failures to service the US debt, whether accidental or purposeful, would be economically catastrophic at a global level.
Reposted from Nathan Tankus
NEW PIECE. I'm on Odd Lots. Paul Krugman endorsed my work this week yesterday. & more on Treasury's lying about read & write privileges "Treasury has been denying that they gave Marko write access, but I am looking at his access request right now" www.crisesnotes.com/day-six-of-t...

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