Question: Explain the passage from David Graeber's book Debt: the first 5000 years, Actually, the remarkable thing about the statement one has to pay one's debts

Explain the passage from David Graeber's book Debt: the first 5000 years, "Actually, the remarkable thing about the statement "one has to pay one's debts" is that even according to standard economic theory, it isn't true. A lender is supposed to accept a certain degree of risk. If all loans, no matter how idiotic, were still retrievable--if there were no bankruptcy laws, for instance--the results would be disastrous. What reason would lenders have not to make a stupid loan?"

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