When a corrupt governmental regime borrows money in the name of the state, and then steals or squanders the proceeds, must the future citizens of that country repay the loan? The law says yes, but the moral instinct of most people says no.
Lee C. Buchheit et al.,
The Dilemma of Odious Debts,
56 Duke Law Journal
Available at: http://scholarship.law.duke.edu/dlj/vol56/iss5/1