Thursday, April 18, 2013

Guilt-Edged Bonds

My title is a play-on-words. “Gilt-edged bonds” are bonds issued by national governments, such as by the Bank of England, often having gilded edges. The are often as “good as gold,” highly reliable sources of future payment. By “guilt-edged bonds” I mean the ties between care-giver and care-receiver– the giver not sure how much care is enough, the receiver not sure how much care is asking too much. These bonds are not, alas, guaranteed to last, despite their importance....

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