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I've heard that such debt contracts have been retroactively-changed to be paid in gold instead of the hyper-inflated currency. I cannot find evidence to backup
by meowster 5y ago
I've heard that such debt contracts have been retroactively-changed to be paid in gold instead of the hyper-inflated currency.
I cannot find evidence to backup such claims, has anyone else heard of this or have an expample?
And like another user suggested, what's to prevent the government from passing a law that changes debt contracts?
- guessbest 5y ago>And like another user suggested, what's to prevent the government from passing a law that changes debt contracts? In the USA it will be lobbyists.
- pbak 5y agoSo they will not "prevent" the government, they will cajole and corrupt people in the legislative and executive branches so it doesn't get changed.
- mandelbrotwurst 5y agoPrevention doesn’t imply anything about its means.