Irish Debt Default Far From Armageddon: Kevin Hassett

The world’s economic policy makers have talked up a zero-tolerance attitude toward sovereign-debt defaults. For every troubled national borrower, there seem to be a dozen central bankers ready to hand out cash, always to avoid Armageddon.

Earth would be a better place if these bankers were forced to take a remedial course in Christian theology. Then they would stop obsessing over Armageddon, at least until a Messiah appears.