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Don't Buy Government Bonds

  • Audio Mises Daily
January 13, 2011

Tags Big GovernmentBooms and BustsTaxes and SpendingPhilosophy and Methodology

When the state spends more money than it receives in taxes — a fact indelibly written into the bond — it is deliberately committing an act of bankruptcy. Is dishonesty transmuted into its opposite when committed by a legal entity, writes Frank Chodorov (1887–1966).

This audio Mises Daily is narrated by Steven Ng.

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