Most people seem shocked that people would even threaten that the US default, because it’s so unthinkable. But other folks have been thinking about default for a while now and not in terms of it being horrible.
As always, I think it’s important to be reading all sides of a debate, even (especially?) the side you disagree with.
So in that vein, a reading list:
There Is Life after Default (that’s how they capitalized it, draw your own conclusions)
(side note, there’s been a funny Eco-blog-slamming between Ferguson and everyone else lately)
The other side?