Interest rates are interest rates, whether they're 0% or 1000%. There's no need to invent a new word for it. It reminds me of "profiteering" or "price gouging".
It's a dangerous thing when a society abandons the notion of the sanctity of contracts and declares debts unneccessary to be repaid. However, in the case of Public debt, I think default isn't a bad thing because people shouldn't be forced to repay a loan they didnt sign for. A bad credit rating might be a blessing for a lot of countries.
Tu ne cede malis sed contra audentior ito
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