AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Debt Structure in the Developing Economy
i think the austrians were right when they ethis in debasement of the money. And if we just consider, and please correct me anywhere i'm wrong on any of this,. debt as just simply a promise to money in the future or a promiseto some payment of goods or services in the future. Yes, ands landed. There's different forms there's, there's securities that it's package versions, and theres thers loans, and there's ones that are, you know, issued by private entities. And theres ones issued by official public entities, yes. In general, this paper is detailing how governments have both accumulated and then subsequently discharged their debts across