On Twitter I saw some post about universal income, some mentions that would add even more debts to countries (but that’s not the point of this) and some answers that countries, well their central banks actually, can just say “nope” to any kind of debts applied to them.
Is it technically true? And if so, what are the reasons it’s not applied, diplomatic, economic, capitalist unwritten rule?
In: Economics
OK, if country A owed country B 150m and country B owed country A 175m can they not just both agree that A owes B 50m and B owes A 75m? Can they not just both decide to waive away the 10pm?
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