Don't Buy Government Bonds

Don’t Buy Government Bonds

01/13/2011 Frank Chodorov

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.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.