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If you want to use that definition of "bank run" (which we can do, sure), then my response to Louis' scaremongering is not to say "bank run already happening" - it is to say "Greece has already proven that it can manage a total collapse of its depository banking system without bank runs and other hysterics."
The operative point is the same: It is perfectly possible, with a minimum of planning, to wipe out savers and creditors wholesale without hysterics on the part of anybody outside the salmon-coloured press, and without a breakdown of the social order.
It is not similarly possible to wipe 20-30 per cent of the employable workforce off the face of the economy without a breakdown of the social order. At least inasmuch as one's definition of "social order" includes some semblance of parliamentary democracy and responsible government.
- Jake Friends come and go. Enemies accumulate.
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