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Should countries refuse to honor debts run up by dictators?

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  • #76
    Once upon a time in a galaxy far far away, they cancelled debts every seven years.

    My God, would that cause a depression.
    http://tools.wikimedia.de/~gmaxwell/jorbis/JOrbisPlayer.php?path=John+Williams+The+Imperial+M arch+from+The+Empire+Strikes+Back.ogg&wiki=en

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    • #77
      There's one Biblical commandment I don't hear any Christians clammoring to honor.
      Christianity: The belief that a cosmic Jewish Zombie who was his own father can make you live forever if you symbolically eat his flesh and telepathically tell him you accept him as your master, so he can remove an evil force from your soul that is present in humanity because a rib-woman was convinced by a talking snake to eat from a magical tree...

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      • #78
        That's because Christians aren't Jewish, and most people aren't Christians.

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        • #79
          However, there was a time when Christians thought charging interest was against the bible. During this time period they also went to war with Islam, better known as the Crusades. With Jews financing a goodly portion of the Crusades (the banking in by Christians was very limited, what little there was occured largely via the trading houses developing in Italy), what would have happened?

          Islam conquering Constantinople two-three centuries earlier? Going on and taking much of Russian and Italy, maybe even portion of France and Germany. The resulting diminishing of European and Christain power leading to a world ruled by Sharia? One could convincingly argued Jewish financiers helped saved Western and Christian culture.

          Actually, canceling debts every seven years, as per the Talmud, would make for an interesting economy. Maybe we should start a new thread?
          The worst form of insubordination is being right - Keith D., marine veteran. A dictator will starve to the last civilian - self-quoted
          And on the eigth day, God realized it was Monday, and created caffeine. And behold, it was very good. - self-quoted
          Klaatu: I'm impatient with stupidity. My people have learned to live without it.
          Mr. Harley: I'm afraid my people haven't. I'm very sorry… I wish it were otherwise.

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          • #80
            Originally posted by shawnmmcc
            Actually, canceling debts every seven years, as per the Talmud, would make for an interesting economy. Maybe we should start a new thread?
            I bet that it would be an economy with the longest term for loans not exceeding 6 years.
            Statistical anomaly.
            The only thing necessary for the triumph of evil is for good men to do nothing.

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