Until recently, asking what would happen if the U.S. defaulted on its debt was like asking what unicorns like to eat for breakfast. It was simply an exercise in absurdity – a question whose answers lay outside the realm of possibility.
New York Magazine
paints a hypothetical
portrait of what could happen if the US starts defaulting on its debt
When it comes to history, never say never. If you go back far enough, almost everything has happened at least once—and sometimes several times. And that’s how it is with US defaults.