In a world awash in debt, power shifts to creditors. – Fareed Zakaria
But as the arms-control scholar Thomas Schelling once noted, two things are very expensive in international life: promises when they succeed and threats when they fail. – Fareed Zakaria
In a very weak economy, when you say cut government spending, what you mean is youre laying off school teachers and youre de-funding various programs that put money into the economy. This means you have more unemployed people that then draw unemployment benefits and dont pay taxes. – Fareed Zakaria