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Henry Farrell and Abraham Newman, "Weaponized Interdependence: How Global Economic Networks Enable State Coercion," International Security, Summer 2019 https://www.dropbox.com/s/27mnqcxrxwapkit/%20Weaponized%20Interdependence_IS_Submission.pdf?dl=0 
Krugman: I don't know if you've seen it, but there's this point in ‘Oppenheimer’ where’s he’s dealing with General Groves, who pretends to be a dumb general, but is actually not. And he suddenly realizes, ‘you didn't hire me despite my communist connections. You hired me because of them, because that means that you can get rid of me whenever you want.’
https://www.crisesnotes.com/musk-in-your-computers-paul-krugman-interviews-nathan-tankus/
Government, administration, nation-state, do not go bankrupt… as long as they issue their currency and maintain an army to enforce it.
In 2020, the Fed "directly lent to corporations or they bought corporate debt off of financial market participants who had this corporate debt, or anyone who really needed to sell it. […] They just made sure that anyone who needed liquidity essentially had it." https://www.crisesnotes.com/musk-in-your-computers-paul-krugman-interviews-nathan-tankus/