"What is being said is that governments can carry debt forever. They need to service that debt, but they do not need to pay it all off, ever. And he's right."
Actually klugman is wrong. Counries have cancelled their debt, Weimar Republic, Nationalist China and czarist Russia to name a few. Due to risk Greek debt interest is over 10%.
Actually klugman is wrong. Counries have cancelled their debt, Weimar Republic, Nationalist China and czarist Russia to name a few. Due to risk Greek debt interest is over 10%.
