TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

Paul Krugman, in 2009:

Why, people ask, would I want to compare us to Belgium and Italy? Both countries are a mess!

Um, guys, that’s the point. Belgium is politically weak because of the linguistic divide; Italy is politically weak because it’s Italy. If these countries can run up debts of more than 100 percent of GDP without being destroyed by bond vigilantes, so can we.

Thanks for the advice, Paul.