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50 sats \ 4 replies \ @Undisciplined OP 26 Jul \ parent \ on: Why Not Just Cancel All The Debt? econ
We know this story ends with some form of default, most likely it'll be a soft devaluation default.
I'm all for ripping the bandaid off now, but if they want to start with what's owed to adversaries that would be fine.
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21 sats \ 3 replies \ @grayruby 26 Jul
Didn't you read the Mandibles?
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40 sats \ 2 replies \ @Undisciplined OP 26 Jul
No
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42 sats \ 1 reply \ @grayruby 26 Jul
You should read it. It's a fictional story more than a prognostication but it's quite good and it will give you at least one perspective of a world where the US defaults on its debt and the rest of the world won't take the USD.
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50 sats \ 0 replies \ @Undisciplined OP 26 Jul
Will do, but I still have 8.5 Wheel of Time books to get through.
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