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No one with a heart or with a brain can dispute that total cancellation of the debt of the world’s poorest nations is a given in our collective progress toward global economic balance. All that debt forgiveness really needs is an eraser. Humanity aside, the money is long gone, the debt is uncollectible and rich lenders and international financial institutions (IFIs) must move on from denial to a new life as donors.
Adam Lerrick is a visiting scholar at AEI.
