Russians paid Soviet ruble debt in devalued currency.
full pensions bought a bag of potatoes in the 90s.
“Russians paid Soviet ruble debt in devalued currency.
full pensions bought a bag of potatoes in the 90s.”
Historically that is the preferred way to pay debts you can’t afford.
Just inflate the money. You owe a trillion dollars. If a loaf of bread costs $ 1 trillion, then your entire debt becomes a loaf of bread. Of course that wipes out everyone’s lifetime of savings, but if you’re not elected by the saver class anyway, who cares.