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In the cases of both Spain and Italy debts that appear sustainable at interest rates of 3-4% become unsustainable if rates move persistently to 6-7%, making it rational for investors to keep selling bonds even as they get cheaper.
Contractarians rely on the crucial fact about humans that we are able to cooperate to produce more than each working alone, thus making it rational to cooperate under at least some terms.
Once again, realists might demur, claiming that some actions are rational things to do, because some things have value as such: so, perhaps knowledge is valuable in itself, thereby making it rational to seek it.
The single most powerful argument for principal reduction is that doing so reinstates an operative sense of the future, making it rational for homeowners to invest.
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And to make it rational for corporations such as Pfizer, which recently moved its headquarters to Ireland for tax purposes, to remain here.
But the mere fact that the market is hard to beat does not make it rational.
Measures should be taken to make it rational for corporations to bring money home.
And when you make it rational for people to bet the house, you may end up without a roof over your head.
The large body of literature correlating FDG-PET with nodal pathology in NSCLC makes it rational to use PET for designing mediastinal radiation fields.
"That makes it rational for them to form a close, incestuous relationship with politicians and the media, which is then highly vulnerable to corruption," said Kevin Featherstone, a professor of European Politics at the London School of Economics.
Those on the left argue that elite greed and the squeezing of the lower and middle classes have made it rational to be fatalistic, to lose hope and to stop trusting in one's own agency.
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CEO of Professional Science Editing for Scientists @ prosciediting.com