2/1/11

“They’re falling down like a domino…”

The problem with debt is temporal: the future is obligated to the past. But unless the debt is for future’s benefit, why should they undertake past’s burden? Rather, future protests, and righteously defaults. But then what is past to do: what motivation for goodwill, if they are merely enacting their replacement?

“…All the kids in the marketplace say…”

Thus passes Machiavelli, done in by a supermajority of past and future.

“…Walk like an Egyptian…”