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[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

paying off all national debts

Is insane. That will literally cause a depression.

[–]casparvoneverecBig tiddy respecter[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

No it wouldn't. National debt is too small to cause a deflationary spiral.

Plus Russian debt is 20 oe 30% of GDP. Quite low but not nil

[–]EthnocratArcheofuturist 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Plus Russian debt is 20 oe 30% of GDP.

That's an even more absurd then. That's very low.