Who wins? The holders of debts who no longer have to pay them. The holders of real assets, which can be bought and traded in whatever new currency system emerges.
So the least responsible get a windfall of no debt, and the most responsible have their wealth preserved.
> Who wins? The holders of debts who no longer have to pay them. The holders of real assets, which can be bought and traded in whatever new currency system emerges.
So the least responsible get a windfall of no debt, and the most responsible have their wealth preserved.
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