Showing posts with label Sebastian Mallaby. Show all posts
Showing posts with label Sebastian Mallaby. Show all posts

"In the end, the debt question is thoroughly political. Not fixing it will have huge political consequences: it will spell the decline of the superpower that has guaranteed the safety of international sea lanes, provided the world's reserve currency and supported causes from free trade to the battle against global diseases. By the same token, fixing the debt will require political courage-the courage to not just put firth a solution but also compromise with opponents." - Sebastian Mallaby

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"In the end, the debt question is thoroughly political. Not fixing it will have huge political consequences: it will spell the decline of the superpower that has guaranteed the safety of international sea lanes, provided the world's reserve currency and supported causes from free trade to the battle against global diseases. By the same token, fixing the debt will require political courage-the courage to not just put firth a solution but also compromise with opponents." - +Sebastian Mallaby
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