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For poor and working-class whites, skin color no longer feels like an implicit guarantor of privilege.
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But Mr. Rogoff said he expected a wave of defaults about two years from now, when the countries now serving as implicit guarantors turn their focus to economic problems at home.
And taxpayers, whether explicit owners or implicit guarantors, will peer at the industry and its leaders with hostility, not admiration.As dramatic as these changes will be to those inside the banks, they will be just as striking for banks' customers.
An implicit assumption of this discourse is that the nation-state is the guarantor of first resort for the social rights of its recognized citizenry, either through state action or through the promotion of such efforts in the private sector.
This would be similar to the existing situation except that the new guarantor would be explicitly government-backed (for Fannie and Freddie the backing was always implicit).
I'm his guarantor".
An implicit historical situation?
Implicit And Explicit Rationing.
Guarantor: P.J.H.
Guarantor of article: Jeffrey Johnston.
KRS is the guarantor.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com