How countries go bankrupt: Principles for dealing with a large debt spiral

How do countries go bankrupt? Does massive government debt threaten our collective well-being? Are there limits to the growth of debt? Is it possible for a large and important country like the United States to go bankrupt? Global governments and central banks keep their foreign exchange reserves in their own currency? What would that look like? The book discusses how debt problems are linked to other factors—political within countries, geopolitical among them, natural (droughts, floods, pandemics), and technological (most importantly artificial intelligence)—that together cause what the author calls “global macrocyclical” changes in the global system. Reading this book will develop your understanding of what is happening and what to do about it.