Well I can't help, but it seems the austrian school has won hands down. And well the suckers of the described non working system get more nervous by the day. I'm not that long into this austrian stuff. I came from another area but strange enough...
The non-plan about a "voluntary" debt cut, is gone. Wel if you have followed this blog you know this hardly can be told to be a suprise. At first If I'm having the bond I have the right to get my money back. It's up to me and the debtor...
that we nearing us an end of a bubble/burst cycle? I wished I knew. So I just can speculate. At first it seems the debts were piled up higher than ever before in "peaceful" history. Peaceful in the sense that there is no war in Europe. But maybe...