@JamesGleick well you know how it is with a closely related thing: if you borrow $100K from the bank and you can’t pay it back, then you have a big problem, but if you borrow $100B from the bank and you can’t pay it back, then the bank has a big problem.
(And if you borrow $100T from all the banks in the world, and everyone knows you never had any intention of paying it back, then the whole world has a problem.)