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And conversely, insisting that all debts be honoured in real rather than nominal terms is an attempt to grant the creditors the same feudal privileges enjoyed by the petty princelings of the premodern era.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Thu Nov 3rd, 2011 at 06:14:53 AM EST
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