@alanbeattie @WorldBank But why is there such a thing as a bond rating for an agency that cannot conceivably default? Isnt it even more nonsensical than the rating on US bonds, which at least captures inflation/devaluation risk?
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…