Reading this article about China’s debt, the thought comes to mind that, if in fact China’s debt problems are real, what are the odds that world governments get together over drinks and just decide to forgive each other’s debts? What are the consequences of such an action?
To be more clear, I’m not saying it will happen or that it’s even a remote possibility. I’m just … wondering, that’s all.
(hattip: Instapundit)