Debt Weight
For decades, countries around the world borrowed heavily from their own citizens under the false impression that this approach was less dangerous than issuing debt denominated in foreign currencies. The surge in global interest rates has shattered this illusion.
https://prosyn.org/ADBNFv8
PRINCETON – Today’s inflationary surge calls for re-evaluating the politics of public debt. With interest rates rising around the world, we must reassess which types of debt are viewed as stabilizing and sustainable, and which are likely to cause economic instability and political volatility.