Sri Lanka unrest

[George K]

TNSTAAFL

[Horace]

This sort of real world example could be learned from. But alas, MMT experts are impervious to evidence, numbers, logic, and common sense.

[taiwan_girl]

Part of the problem also is that China uses a carrot (in this case the building of a port) to trap the Sri Lankan government and then the debt payments are so high that the country falls in to economic problems.

China has repeated this (or is trying to do this) in Africa, SE Asia, etc. through their "Belt and Road" philosophy. C

Countries become so indebted to China that China becomes an unseen ruler of the country.

[Jolly]

@Horace said in Sri Lanka unrest:

This sort of real world example could be learned from. But alas, MMT experts are impervious to evidence, numbers, logic, and common sense.

They do not learn.