Debt Crisis? What Debt Crisis?

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.