4 ms·
Not going to work. The only effective mechanism of international control is with debt. You can stop buying debt, or you can stop allowing others to buy your deb
by jl2718 6y ago
Not going to work. The only effective mechanism of international control is with debt. You can stop buying debt, or you can stop allowing others to buy your debt, or you can reduce interest rates on existing debt, or you can freeze accounts. The great thing is that international consensus happens automatically because operating outside of consensus will be very expensive.