[ExI] Repudiating the national debt

[Anders Sandberg]

Big countries have repudiated their debts before. Argentina is perhaps 
the best known example, and the aftermath is a pretty good indicator of 
why it is a bad idea. When part of your navy gets impounded when 
visiting foreign ports you are in trouble.

(OK, ARA Libertad was more for show and training than a military vessel, 
but still...)


On 2016-05-17 14:13, Dave Sill wrote:
> On Mon, May 16, 2016 at 5:05 PM, John Clark <johnkclark at gmail.com 
> <mailto:johnkclark at gmail.com>> wrote:
>
>     Yes, suddenly making 20 thousand billion dollars worth​ of debt
>     that had been considered the safest in the world worthless is
>     unthinkable.
>
>
> No, nothing is unthinkable.
>
> -Dave
>
>
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-- 
Anders Sandberg
Future of Humanity Institute
Oxford Martin School
Oxford University

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