The consequences of the U.S. government defaulting, even if for a few days, could be significant. The long-term effect is that the U.S. economy could lose some or all of its ‘exorbitant privilege‘ which has allowed Americans for many years to live beyond their means. The short-term effect could be a major financial crisis as […]
View the full post at: Note to Fed: Get Out in Front of the Potential Debt Crisis