Why the US Should Default
1 year ago
1
Jeff and Bob discuss the effect of rising interest rates on Uncle Sam's ability to service debt—and promote the increasingly less radical idea that a default on Treasury debt is both inevitable and good.
Jeff's article on rising rates: https://Mises.org/HAP351-1
House Budget Committee report on higher interest rates and US debt service: https://Mises.org/HAP351-2
Rothbard on the ethics of debt repudiation: https://Mises.org/HAP351-3
00:00 Introduction
03:06 The 14th Amendment: Is the Debt Legal?
06:58 Repudiating the National Debt
16:07 Cancelling the Intragovernmental Debt
18:41 Defaulting on the Public Debt
25:52 Paying Entitlements
32:50 What a Default Would Look Like
39:57 Modern Monetary Theory (MMT)
Loading comments...
-
50:28
Mises Institute
6 months ago $0.07 earnedTexit, Gold, and Ideas for States in 2024
7831 -
1:01:59
Russell Brand
2 hours agoLIVE WATCH PARTY: TRUMP VS. BIDEN
86K304 -
3:23:24
The Quartering
9 hours agoTrump Biden Debate LIVE React, Fact Check Prizes & Games!
157K121 -
DVR
Laura Loomer
4 hours agoEP55: LIVE COVERAGE OF THE FIRST PRESIDENTIAL DEBATE WITH LAURA LOOMER
112K65 -
57:56
Kim Iversen
5 hours agoFIGHT NIGHT! Will Trump Be An Ass and Will Biden Stroke Out?
79.5K36 -
4:15:08
WeAreChange
5 hours agoBIDEN DOWN: The Michelle Obama Countdown Begins!
83.7K34 -
1:27:55
Glenn Greenwald
6 hours agoCNN’s Kasie Hunt Has Humiliating Meltdown Ahead of Biden-Trump Debate; SCOTUS Protects Biden Administration's Social Media Censorship Program from Review | SYSTEM UPDATE #290
107K89 -
1:21:03
Donald Trump Jr.
12 hours agoDebate Day, Exclusive Interview with Glenn Beck | TRIGGERED Ep.149
155K229 -
1:20:59
Havoc
6 hours ago90's Vs. Now | Stuck Off The Realness Ep. 2
39.9K -
2:10:26
Roseanne Barr
6 hours agoDanger Close with Patrick Byrne Part 2 | The Roseanne Barr Podcast #54
81.7K31