Any government with the ability to print its own currency can always pay a debt denominated in its own currency.
The only question is whether or not the currency can retain its ability to procure labor and materials.
I have no qualms about getting the numbers I am owed from social security deposited into my account. I do wonder how much I will be able to buy with it though.
The only question is whether or not the currency can retain its ability to procure labor and materials.
I have no qualms about getting the numbers I am owed from social security deposited into my account. I do wonder how much I will be able to buy with it though.