Well, before sovereigns go bankrupt they'll print money, and they can print endless money, and as long as we have Ben Bernanke and Janet Yellen at the Fed, they will also print money, and they can postpone the endgame endlessly, endlessly not, but say for another five to 10 years

The end crisis will be postponed until the sovereigns go bankrupt. They can postpone the end-game endlessly...say another five to 10 years. Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed

Politicians have delayed addressing the problem yet again. It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Central Bank and other countries will be in deeper in debt.

Greece is bankrupt, but others are too, and these haircuts will have to come back and be wider. –

Never in a million years did I expect them to impose a haircut of 50 percent, this shows at least somebody is starting to accept reality. It is good news. It is about time they started doing what is necessary. The problem is they have not dealt with anyone except Greece. –

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http://www.freakonomics.com/2011/10/27/cost-of-college-on-the-rise-again/