It’s not just that, if you issue debt in a currency you control you can theoreti...

drexlspivey on May 11, 2022 | parent | context | favorite | on: El Salvador expected to default as Bitcoin plummet...

It’s not just that, if you issue debt in a currency you control you can theoretically never default, you can just keep devaluing your currency to pay off previous debts. El Salvador has two currencies right now and they control neither of them.