At a certain level, economics are just about good will.
If the whole world sees that the US don’t want to pay, on mutual accord, we can decide that they don’t owe anything to anyone, effectively cancelling the debt.
After that, the US will remain out of the rest of the world without the possibility of borrowing any money at all.
At a certain level, economics are just about good will.
If the whole world sees that the US don’t want to pay, on mutual accord, we can decide that they don’t owe anything to anyone, effectively cancelling the debt.
After that, the US will remain out of the rest of the world without the possibility of borrowing any money at all.