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bokov comments on US default as a risk to mitigate - Less Wrong Discussion

2 Post author: bokov 15 October 2013 04:41PM

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Tags: instrumental-rationality risks economics

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Comment author: Luke_A_Somers 17 October 2013 06:41:05PM 1 point [-]

If I were a rating agency, I would have bumped the US down more than one notch the last time this was threatened. The mere fact that we could talk about it with a straight face should have been very worrisome.

Comment author: Lumifer 17 October 2013 07:00:46PM 2 points [-]

Well, S&P downgraded US debt the last time we went around that mulberry bush.

Bad things happened to S&P (and its owner McGraw Hill) after that.

Pointing out that the emperor is naked can be really bad for your health.

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