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Now include state (not notional) debt, and state/national owned institutions.
by _DeadFred_ 1y ago
Now include state (not notional) debt, and state/national owned institutions.
- riku_iki 1y agothen we would need to include major US institutions debt too(for example top N banks)?
- _DeadFred_ 1y agoOnly those backed by government guarantee like China has for state owned business. So I guess up to the depositary insurance amounts? But that isn't debt, so no, it's not the same.
- riku_iki 1y agoWe can argue that US saved major banks in the past too, and not much prevents China from bankrupting state owned companies.