I'm ignorant on this, but to me there are two kinds of debt. 1) Personal debt, like I took out a car loan and I can get the car repossessed or the loan sold to debt collectors. 2) Debt that exists just to create more money i.e. the IMF or Fed Reserve decide to have an expansionary monetary policy and they lend from... what exactly? The purpose is to just control inflation.
I'm guessing this is the second kind of debt, but the title makes it sound like the first.
I'm guessing this is the second kind of debt, but the title makes it sound like the first.