You're right about the present system, but it could be changed.
Cease to enforce usurious contracts, and no one will buy interest-bearing bonds.
Or enforce the original Westminster principle of "no parliament may bind its successors" and then every election would be a sovereign default
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They will quickly find a way around that.
Voters play the victim until free stuff arrives.
We have laws and Constitutions to impede that.
Without those, there is only force.
