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I’m guessing the actual government had an issue with the prices of everything it wanted to buy also rising due to no market not trusting it with credit. If the
by vmception 6y ago
I’m guessing the actual government had an issue with the prices of everything it wanted to buy also rising due to no market not trusting it with credit.
If the market stopped dumping the currency and started bidding up the bonds. Then the temporary disruption in high interest rates was enough for the government to get ahead on payments.
Just a guess. Would like more source on what happened.