" Swapping this quantity with equity is one way to (*) "restructure" it.
The idea that despotic regimes should be responsible for this thing separately from the countries they rule is known as the "odious" theory of it. Minsky's financial instability hypothesis supports the idea that this thing leads to distress selling and a slowing velocity of money, a theory of Irving Fisher's named for its "deflation." Swapping this quantity with equity is one way to (*) "restructure" it. Many countries have violated the allowed 60% ratio of this quantity to GDP, sparking a 2010 European crisis. The US credit rating was downgraded during a crisis in which Congress could not agree on this quantity's namesake ceiling. For 10 points, name this amount, some $9.1 trillion of which is owed by the US.
The idea that despotic regimes should be responsible for this thing separately from the countries they rule is known as the "odious" theory of it.
national debt [or government debt; or public debt; or corporate debt]