Why can’t a government forgive it’s own internal debt?
In: 2
Whoever is buying government debt will never buy it again if the government defaults, so a government can only ever try that trick once.
Okay, maybe the government can rebrand itself and fix it’s credit rating, but usually there will be blood and decades involved in that bullshit, plus you’ll have pissed off lots of people at home, so the leader’s own life is literally at risk.
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