The Economics and Ethics of Government Default, Part II
The economic analysis of repudiation applies to the debt of all levels of government and to all countries. The central question is not how big the government is or how much it owes, but rather whether the debt is funded by taxes.
Original Article: “The Economics and Ethics of Government Default, Part II“
This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.
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