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by slavboj 1519 days ago
Default risk (either outright or de facto) is also extremely present. Most countries (including the US, cf Roosevelt's abrogation of gold-denominated debt) have defaulted at various times.
1 comments
JumpCrisscross 1519 days ago
> including the US, cf Roosevelt's abrogation of gold-denominated debt

How is Roosevelt abrogating America’s gold standard a counterfactual to default risk?

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milkshakes 1519 days ago
https://en.m.wikipedia.org/wiki/Cf.
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JumpCrisscross 1519 days ago
Whoops! Thanks!
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