After Secession, What Happens to the National Debt?
National divorce does happen, and debts are not necessarily repudiated as a result. We can look to examples from Latin America, Eastern Europe, and the Czech-Slovak split.
National divorce does happen, and debts are not necessarily repudiated as a result. We can look to examples from Latin America, Eastern Europe, and the Czech-Slovak split.
"Paine not only laid bare the roots of monarchy, but provided a brilliant insight into the nature and origins of the State itself."
Garrett wanted his government to mind its own business. This is because he wanted Americans to be able to mind their own business without being taxed, conscripted, or killed in other people's causes.
Jeff Deist and Connor Mortell host an AMA during Mises University 2022 on the topic of "What You Can Do."
Presented at Mises University 2022.
Bombing private property is bad. So, when someone bombed the pro-eugenics, antihuman Georgia "guidestones," we naturally condemned the bombing. But let's not pretend the monument was a good thing.
We live in a world of constant cronyism. Nothing seems to change, no matter the party or the people in power. Was it always like this? Can we learn from it?
Critics claim the market economy engages in "planned obsolescence" that encourages throwing good products into landfills. In fact, activities that might seem wasteful are the best use of resources.