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Thread: Repudiating the National Debt | by Murray N. Rothbard

  1. #1

    Repudiating the National Debt | by Murray N. Rothbard




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  3. #2
    Making debt slaves of our children doesn't seem to be a big deal anymore.
    "The Patriarch"

  4. #3
    People don't care about paying off the debt anymore. They've come to the realization its not going to happen.
    "Perhaps one of the most important accomplishments of my administration is minding my own business."

    Calvin Coolidge

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    Default and screw the creditors, print and screw the dollar holders, or tax and screw the taxpayers, the bill's going to be paid one way or another.
    "Democracy is the theory that the common people know what they want, and deserve to get it good and hard."

    -H. L. Mencken

  6. #5
    Quote Originally Posted by Anti Globalist View Post
    People don't care about paying off the debt anymore. They've come to the realization its not going to happen.
    Yes it is.

    Quote Originally Posted by r3volution 3.0 View Post
    Default and screw the creditors, print and screw the dollar holders, or tax and screw the taxpayers, the bill's going to be paid one way or another.
    They'll get two for one. They'll print to pay the debt. So bondholders will be paid with now-worthless dollars, leaving them just as screwed as anyone else with the monopoly money in their pocket.

    As for screwing taxpayers, that's a given.
    'I prefer someone who burns the flag and then wraps themselves up in the Constitution over someone who burns the Constitution and then wraps themselves up in the flag.'--Molly Ivins

    'Well, you can get no more liberty than you give.'--Will Rogers



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