Your comment is not substantive, but this situation is much more akin to putting a purchase on a credit card, and then deciding to stop making your payments when the accrued interest gets too high.
The analogy is flawed, of course, because sovereign states don't operate like private consumers, and to pretend they do only serves to fuel pithy content-less (usually partisan) hot-takes that don't serve to illuminate.
thenewwazoo|3 years ago
The analogy is flawed, of course, because sovereign states don't operate like private consumers, and to pretend they do only serves to fuel pithy content-less (usually partisan) hot-takes that don't serve to illuminate.
klipt|3 years ago
Consider why people want to buy US-bonds but not cmer-bonds.