Re:How to become a bank (2016)
by sangnoir on Thursday April 26, 2018 @10:50AM
(#16932347)
> A government in its own currency can never go bankrupt.
Zimbabwe would like to have a word. I bring this up not to be snarky, but because that was the thinking of the president at the time - he once asked "Have you ever heard of a country that collapsed because of borrowing?"[1]. I suppose he said this before the hyperinflation kicked in.
Zimbabwe would like to have a word. I bring this up not to be snarky, but because that was the thinking of the president at the time - he once asked "Have you ever heard of a country that collapsed because of borrowing?"[1]. I suppose he said this before the hyperinflation kicked in.
1. https://www.economist.com/news/middle-east-and-africa/217314...