on page 19, Mises mentiones how 'shortages of foreign exchange' or Devisennot (german?) brought upon by restrictions of exchange controls is used to justify prohibition of interest and amortization payments to foreign countries. Is he talking about private debt here, or public debt?
... just as the State
has no money of its own, so it has no power of its own - Albert Jay Nock
I guess it has to be private debt... what are your thoughts?"