The problem is indeed that one party's debt finds its counterpart in some other party's savings. Not paying debts therefore involves annulling some other party's financial claims on the debtor.
Michael Hudson
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This page presents the quote "The problem is indeed that one party's debt finds its counterpart in some other party's savings. Not paying debts therefore involves annulling some other party's financial claims on the debtor.". Author of this quote is Michael Hudson. This quote is about party, claims, paying debts, problem, financial, debt, savings,.