Both lead to the conclusion that isolationism is not a workable concept in today’s world. Therefore, a need arises for us all to get involved in the debate. A broad based appreciation of the world economic order coupled with the prospect of prosperity for developing countries will cut the ground from under the terrorists’ feet in the long run.
Now, of course, as we all economists know, when you cannot tell the difference, you charge everybody the same risk and hope that the risks will cover defaults. The problem with that system is that you are scared of somebody willing to accept a higher rate because he is more desperate.