The Specter of Puerto Rico’s Debt

When Puerto Rico’s debt crisis ballooned into the largest governmental default in U.S. history, Congress stepped in with an unprecedented solution. <u><a href="https://www.bloomberg.com/authors/APo9WbueZ4A/felix-salmon" rel="noopener noreferrer" target="_blank">Felix Salmon</a></u> is joined by <u><a href="https://www.law.upenn.edu/faculty/dskeel" rel="noopener noreferrer" target="_blank">David Skeel</a></u>, who served as chair on the oversight board that helped the island regain economic stability and detailed the saga of this debt crisis in his book <em><u><a href="https://www.pauldrybooks.com/products/promise-land-the-inside-story-of-the-puerto-rico-debt-crisis" rel="noopener noreferrer" target="_blank">Promise Land</a></u></em>. They discuss the ins and outs of government debt, the idea of state bankruptcy, and what lessons can be learned for future legislation. <hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>