A good hard default would make it harder for government to borrow in the future, possibly for generations.
Its all upside :)
Sucks for the bond holders, but sovereign default is a known risk. They've just mispriced it, believing (incorrectly) unlimited state violence will be available to extort future tax revenues to fund today's misrule.
Low Information Voter
npub149…tzmp0
2024-08-16 09:22:12
in reply to nevent1q…2c4y
Author Public Key
npub1494rtg3ygq4cqawymgs0q3mcj6hucvu4kmadv03s5ey2sg32df5shtzmp0Published at
2024-08-16 09:22:12Event JSON
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