Why So Many Prefer Default

One reason so many Americans would be happy for the government to default rather than increase the debt ceiling is that they never agreed with running up the debt to begin with. A huge sum of debt has been placed on every citizen’s back, against their wishes and without their being represented in congress. Now is it really a surprise that so many are unmotivated by the raise the debt ceiling hysteria?

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact: news@quillian.net
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