2 ms·
Two countries on the top of the geopolitical power rankings have the most debt, and that seems expected and normal to me. Your ability to take on debt reflects
by dangus 3y ago
Two countries on the top of the geopolitical power rankings have the most debt, and that seems expected and normal to me.
Your ability to take on debt reflects other people’s willingness to lend to you, as well as your ability to turn today’s money into a larger amount of tomorrow’s money.
Which governments are more reliable borrowers than the US or Japan? Is there a safer currency than US Dollars more likely to maintain its value that you’d rather be paid back in?