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Paul Krugman, in his Nov. 22 column, "Shadow of Debt," rightly cites Argentina's currency board as the source of the country's economic malaise.
NEW YORK TIMES In Shadow of Debt Crisis, Firms Draw Up Plan B | Even as politicians seemed closer to a debt compromise in Washington, large investment firms have made contingency plans on their Treasury bond holdings.
His Calvinist imagination, quick to conjure doom, and possibly the looming shadow of debt that would end in his expulsion from the paradise garden at Concord, provoked Hawthorne to create something very like its obverse: namely a garden of death.
We did not go to university for free, and so we hopped on the tertiary treadmill and stepped into a shadow of debt.
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We need it for 23 million people who need work, for an entire generation that's beginning its work life under the twin shadows of debt and unemployment, and for especially hard-hit minority workers.
The most indebted countries of all must exist in the shadow of a debt many times the size of their national income -- Nicaragua's debt, for example, was a chilling six times the size of its gross national product (GNP) in 1995.
And a graduate tax would not entail the shadow of perpetual debt, a condition which in most other contexts governments always warn against.
The shadow of her debt has hung over Mrs. Clinton ever since she ended her campaign for the nomination in June.
In 2011, Mr. Ryan conspicuously declined to serve on a special select committee empaneled in the shadow of a debt ceiling fight that year to find a bipartisan path forward, worrying that the effort would tarnish his ambitions for higher office.
For those millennials who do meet the minimum credit score requirements, there's the looming shadow of new debt.
That's all fallen by the wayside now and for the next two months, the markets will have the shadow of a debt ceiling standoff lurking over its head.
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