Proponents of the debt repudiation bill continued to push for its passage.

Add stagflation into the mix and the only real solution is complete debt repudiation.

This could be global debt repudiation or hyper-inflation which, hopefully, won't take us toward violent conflict of some kind.

He told reporters that a debt repudiation would isolate the country in the international financial community and cripple the Government's economic recovery program.

What we should be thinking about now is debt repudiation and letting the financial institutions that are fraudulently leveraged go to the wall.

A question for Golem, or anyone really, but it's him(her) that's brought up the question of debt repudiation in the past.

"We could be in the early stages of a fairly intensive period of private debt repudiation," says Chuck Clough, the chief strategist at Merrill Lynch.

As a result, some have predicted, the string of Latin American democracies scheduled to vote in the coming months could well elect radical populists preaching debt repudiation, anti-Americanism and autarky.

"I don't want the responsibility for a debt repudiation policy on my shoulders, because in my judgment the consequences would be beyond the ability of this Government to control," Mr. Ongpin said Saturday.

In 1931 Jack Lang, as Premier of New South Wales, announced a policy of foreign debt repudiation, known as the "Lang Plan", to combat the effects of the Great Depression.

The more democratic countries often assert greater legitimacy, allowing them to take a tougher stance against the banks, and they also seem to reflect more of the debt repudiation sentiment that appears to be widespread in many developing countries.

Above all, ordinary citizens will see debt service payments, which they are making vast sacrifices to meet, begin to return to their country as investments in goods and jobs, breaking a dangerous cycle of despair that could conceivably lead to total debt repudiation.

Back in Washington, the big question remains: Can the bureaucracy step beyond its shortsightedness and see the need for some creative, managed write-down of third world debt before the majority of debtor nations slide chaotically toward unilateral acts of debt repudiation?

Pennsylvanians found that their government enacted conflicting policies, reflecting the vagaries of shifting public opinion; that through debt repudiation it had produced an insecure climate for business; and that those within government - a continuously changing group - were often at war with one another.

This was due both to periods of heavy issues of stock, usually in connection with war finance, and to the fact that the UK, unlike many other countries, experienced neither political revolutions accompanied by debt repudiation nor bouts of hyper-inflation which destroyed the real value of fixed-interest securities.