Sunlit Water

January 25, 2008

Debt

Filed under: Politics — by teofilo @ 11:55 am

Like John McCain, I don’t know much about economics, but the argument Daniel Davies makes here about the fundamental importance of foreign debt in international development seems so clearly and obviously true that I’m surprised that it doesn’t seem to be widely accepted in the economic literature.  Is this really the case, or is Davies being less controversial in this post than he implies?

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