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I'm not super knowledgeable, but this seems to me like a good thing. If investors lend money to a government that can't repay, they should lose some of that mo
by elihu 10y ago
I'm not super knowledgeable, but this seems to me like a good thing. If investors lend money to a government that can't repay, they should lose some of that money. I don't think whole economies should remain in a state of economic slavery.
Is there some way in which this move might turn out bad for the people of Puerto Rico, aside from it probably being more difficult to raise debt in the future at a reasonable rate?