The Daily Telegraph claims that Britain's £3 trillion national debt could lead to an IMF bailout. That sounds alarming. There's just one problem with that claim. It is total nonsense.  The UK cannot go bust. In this video, I explain why Britain is fundamentally different from a household, why governments that issue their own currency cannot run out of money, and why comparisons with the IMF crisis of the 1970s are deeply misleading. Back then, Britain faced a very different set of circumstances, including foreign currency obligations that no longer exist. [...]