4 ms·

If it won't someone else will pay. Countries fall and mutate but their borrowings get paid. https://en.wikipedia.org/wiki/Repudiation_of_debt_at_the_Russian_R

• hedora 7y ago
  Presumably, the collapse of the government would coincide with a period of hyperinflation. Since US bonds are payable in US dollars (I think), that would effectively wipe out the debt. In the Russian example, the bond holders claimed they were owed about 100x the actual payout.
  • kccqzy 7y ago
    Hyperinflation would only come from the successor government's stupid decision to print money. If the successor government is led by smart, reasonable, and ethical people, I don't see how hyperinflation must be a consequence.