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by evancox100
897 days ago
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And yet they often do default. Look up sovereign defaults. Possible reasons why include things like “inflation is out of control because we’re printing money to cover the debt, and we’ll get voted out if we don’t do something”. |
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Can you name an instance in which a developed country, borrowing in its own currency, has defaulted? I can't, at least not since the end of the gold standard.