A better alternative to state bankruptcy or default

John Baker, Robert Miller  |  May 21, 2020

Op-ed by John Baker and Robert Miller, includes “… Fortunately, there is a better path for cash-strapped states: more borrowing. States can put investors at ease by waiving their claim to sovereign immunity in the contract under which the bonds are issued. … States can do more. They can agree that the contract under which the bonds are issued will be subject to the law of another jurisdiction and that they themselves may be sued in courts of that jurisdiction. …”

Read the full article on: The Wall Street Journal

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