>The economic logic is murkier, though. Research shows that the more of a country’s debt non-residents hold, the lower the cost of borrowing. Sourcing funds abroad also tends to increase the effectiveness of government spending in boosting growth: It lets domestic players put more resources into consumption and investment rather than government debt. Finally, a country’s banks become more vulnerable when they load up on their country’s government debt. European (((banking regulators))) have been trying to fight this phenomenon in recent years.
>No European country has kept its debt entirely out of the hands of foreigners or set a goal to do it – except Orban’s Hungary. So far, the post-2010 Hungarian governments have kept the country on a steady course of economic improvement, despite a worsening corruption climate and curbs on the rule of (((law))). But both Hungarians and investors in the country’s dynamic economy, projected to grow 3.5 percent this year, should watch for signs of politically motivated policies that could damp the growth and end up wreaking havoc on the one area in which it’s been difficult to fault Orban.
TRUST US GOYIM, OWNING YOUR OWN DEBT IS BAD! J-JUST TRUST US, YOU STUPID FUCKING GOY!
I've already done that for 3 years. It's pretty easy when you're a skilled contractor who can go to one of the poo-run check cashing joints and just claim to be unemployed. I do what the spics do: cash only, or a gift card if I must.
