Debt Crisis? What Debt Crisis?

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Washington is still blithely unconcerned about the debt-ceiling. It has come to something when people are discussing different kinds of default, as though some might be a salutary experience. The likeliest outcome, I argue in a new column for the FT, is that a way will be found to swerve around the problem. But swerving around a problem rather than solving it is a funny idea of success.

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