Ocupation: Economist
Life: b. February 28, 1953
Birthday: February 28
I'm especially baffled by the idea of taking insurance against a U.S. default. If America defaults, we're talking about a chaotic world - Mad Max, more or less - in which case, who imagines that insurance claims will be honored?
source: "Ask the Author Live: Larissa MacFarquhar with Paul Krugman". Live chat, www.newyorker.com. February 19, 2010.
topic: Talking, Ideas, America, Mad Max