You Are the Collateral, Forty-Three Cents on the Dollar
Keynesians claim that government debt is no problem because “we owe it to ourselves,” as though owners of US debt don’t care if they are repaid or not. Taxpayers, who actually will pay the debt, are left out of the equation.
Original article: https://mises.org/mises-wire/you-are-collateral-forty-three-cents-dollar
The skinny
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