Thoughts on debt repudiation

posted by
March 4, 2012
Counter-Currents Publishing
by Greg Johnson  
Posted in Commentary

"The moral premise of bankruptcy laws is that individuals should not have their lives and prospects ruined by financial mistakes. Society as a whole is better off if a man can shake off his debts and focus on the future: pursue an education, start a family, start a business, etc. But if it is right for individuals to shake off their own debts, then it is certainly right to shake off the debts imposed upon us by others, including people who are long dead, i.e., public debts." [hat tip -- Libertarian Alliance] (02/12)  


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