AZA_21m on Nostr: Well said 📍 "You cannot default on sovereign debt in peacetime without collapsing ...

Well said 📍 "You cannot default on sovereign debt in peacetime without collapsing your currency, your banks, and your credibility. But you can default if you are at war. War justifies capital controls. War justifies emergency powers. War justifies debt restructuring. War makes the impossible politically survivable..."