[p2p-research] Part 2. How Often Have Sovereign Countries Defaulted in the Past?

[Patrick Anderson]

Ryan wrote:

> Part 2. How Often Have Sovereign Countries Defaulted in the Past?

As often as they choose to rent their money from foreign interests
instead of issuing for themselves.

Argentina is now out of debt because they have begun issuing their own money.

If 12 of us were abandoned on a deserted island, would would it be
better for us to issue some sort of currency so we could trade skills,
or would it be better to rent that money from someone on another
island?