42: The Answer to Almost Everything
Can states go into debt indefinitely?
S1 • E206 Jul 5, 2026 27m
In reality, no state ever repays its debts. And yet, insolvency doesn't necessarily lead to bankruptcy. Public debt isn't just numbers; it also depends on growth, interest rates, policy, and, above all, confidence. When does debt become useful, and how can it become a threat?