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Published: by POLITUSIC | Updated: 09-30-2013 22:32:29
Article Excerpt:
 As post-industrial society continues its relentless stomping through time, why aren’t more people asking, “Why do counties have credit ratings?” Doesn’t that feel odd or out of place in a “meaning of it all” sort of way? Shouldn’t it strike us a bit dodgy that the same “agencies” that rate junk bonds and penny stocks also rate governments? At face value the practice is sensible insofar as governments take out...