Wall Street Journal article and the “Database of Sovereign Defaults”

Quick break from the book (Update: It's finished! Here - 1000 Castaways: Fundamentals of Economics) posts... The new Wall Street Journal piece “Debt Denial Is a Threat to America” by Desmond Lachman reminded me of some recent IMF-type absurdity that sovereign currency-issuers can be forced to default in their own currency involuntarily. (Desmond writes elsewhere … Continue reading Wall Street Journal article and the “Database of Sovereign Defaults”