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Lower the Debt Ceiling

  • Audio Mises Daily
July 15, 2011

Tags Money and BanksTaxes and SpendingU.S. EconomyCapital and Interest TheoryPolitical Theory

If Congress passed legislation that systematically reduced the debt ceiling over time, the economy could be rebuilt on a solid foundation. Entrepreneurs in the productive sectors would realize that an ever-increasing proportion of resources (land, labor, and capital) would be at their disposal, writes Mark Thornton.

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