For the capitalist, to hell with debt if it's in your own currency, unless the country owe so much in foreign currency,then you have a problem like Greece....😂

Nowadays, there's already tons of new age economic school of thought, for the MMT(Modern Monetary Theory) folks, they see People and Businesses just a user of the currency, while the gov money and debt comes direct from issuer of the currency aka. Bank Negara, how to collapsed??? unless your debt is in other sovereign country currency which they have power to print......

that's one reason why UK do those Brexit thing although they might not admit it directly, they can't print their way out without thinking the effects of the Euro back then in 2008 crisis, but they did print anyway to get out fast from the crisis, but not as much as they can coz it might effect the whole Euro currency, but after Brexit, they get back their print print print freedom back, and also as a backup for USD if something happen to it during the long Cold War 2.0 between US and China...