John Rubino's Substack

Share this post

How a Country Goes Bankrupt, In 10 Steps

rubino.substack.com

How a Country Goes Bankrupt, In 10 Steps

Gradually then suddenly (2024?)

John Rubino
Mar 4, 2023
∙ Paid
95
Share this post

How a Country Goes Bankrupt, In 10 Steps

rubino.substack.com
29
Share

The past few decades of unnaturally easy money have created a world of “moral hazard” in which a ridiculous number of people borrowed far more than they should have. Now, with money getting tighter, not just businesses and individuals but some governments are staring at the “suddenly” part of that old saying about bankruptcy.

Japan is the poster child fo…

This post is for paid subscribers

Already a paid subscriber? Sign in
Previous
Next
© 2023 John Rubino
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing