A note on the burden-of-public-debt question

posted by
January 8, 2012
Cafe Hayek
by Don Boudreaux  
Posted in Commentary

"There are many differences between my hypothetical here and real-world deficit financing -- perhaps most significantly being the fact that those persons whose labor (or bundle of fruits) is conscripted in the real-world for the benefit of other individuals are not themselves able to conscript their conscriptors. But I fancy that the above hypothetical might have some usefulness." (01/07/12)



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