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To: elmatador who wrote (45157)1/24/2004 1:38:40 PM
From: Maurice Winn  Respond to of 74559
 
We don't in NZ: < How comes we have debt crisis once in a while?> Maybe Brazil does.

Where there are widespread debt crises, I suppose there is political crookedness, money printing, speculation, economcic madness by political bosses, foolish lending by creditors and an intention to steal from the lenders because there's a culture of theft and power rather than free exchange of value in a regime of protected property rights.

Mqurice