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"Debt is predictable and can be managed, it’s just another tool." Well, not really. For example, if you took usd-based debt in russia, you are now quite royall

• samstokes 12y ago
  That's not (only) debt, that's (also) currency speculation.
  • jacques_chester 12y ago
    So it'd be extending the analogy to bet on untested new technologies.
• cmdkeen 12y ago
  It's actually a really good example of the article - there's nothing wrong with debt denominated in a foreign currency, you can hedge against the currency risk. The whole thing is about risk, if you hedge away all your risk financially there is generally no profit to be made (you're left with arbitrage), if you hedge away all your technical debt then you've essentially (re)implemented it properly.