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Defaulting on the Debt Is the Moral Thing to Do

Summary:
Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation. Original Article: "Defaulting on the Debt Is the Moral Thing to Do" This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation.

Original Article: "Defaulting on the Debt Is the Moral Thing to Do"

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

Ryan McMaken
Ryan W. McMaken is the editor of Mises Daily and The Austrian. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014.

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