The Upside of Default
A growing number of observers are starting to edge nervously around the possibility that the global financial industry may be headed for some very rough sailing this autumn — potentially even a major crash. Inevitably, the blogosphere is starting to churn out claims that this will lead to the apocalyptic collapse for which so many people seem to be longing just now. There may be a brighter side to the approaching mess, however; setting aside a cheap magazine, the Archdruid explains.


