The actual Munger article is here
A parable about how one nation came to financial ruin. - By Charles Munger - Slate Magazine
I've read it, and find some aspects rather puzzling. The fictional country "Basicland" is intended to represent the US. Certain apparently key aspects of Basicland's economy are completely different from the US economy. I mean "key" and I mean "completely".
Can you guys, those who want to actually read Munger's article anyway, spot what aspects I am referring to? Post your catches, we'll make a list.
The next step, will be to figure out the significance of those glaring differences. I doubt Munger included them out of ignorance, or intellectual dishonesty, so what point is he trying to make?