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It’s not just that, if you issue debt in a currency you control you can theoretically never default, you can just keep devaluing your currency to pay off previo
by drexlspivey 4y ago
It’s not just that, if you issue debt in a currency you control you can theoretically never default, you can just keep devaluing your currency to pay off previous debts. El Salvador has two currencies right now and they control neither of them.