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344 sats \ 2 replies \ @Bell_curve 22 Jul \ on: Developing countries face worst debt crisis in history, study shows econ
The word debt elicits sympathy and makes the lender look rapacious and predatory
Student debt vs student loans
Developing nations debt vs third world loans
A debt crisis is paralyzing vs too much credit or borrowing is fiscal insanity
If a corporation defaults on bond payments we call them greedy and stingy
If USA defaults on treasury bond payments, the result is global financial panic
How do we know this debt crisis is paralyzing if there is no mention of the amount owed and at what interest rate