Why Not Just Cancel NZ’s Debt?
This means the only thing stopping the government from defaulting is fear.
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This Is Government Induced Helplessness
It is tyranny when China does it, but civilised when we do it.
When the Rules Fail
International law does not create states: it presupposes their existence. If powerful states conclude that the rules offer them no viable path to protect themselves, they will eventually abandon them.
We’d Be Better Run by a Drunken Sailor
At least he’d only piss his own money against the wall.