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Should Local Municipalities Default on Their Debts? Seems Like a Good Idea

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Tags Bureaucracy and RegulationTaxes and SpendingU.S. Economy

05/11/2023Benjamin Seevers

While most free market advocates are fixated on the national debt, they also should be looking at municipal debt over which taxpayers have no say. Maybe default is the answer.

Original Article: "Should Local Municipalities Default on Their Debts? Seems Like a Good Idea"

 

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Contact Benjamin Seevers

Benjamin Seevers is a Mises Institute Fellow and holds a BA in economics from Grove City College. He will begin his PhD in economics at West Virginia University in fall 2023. His research interests include private governance, public policy, and libertarian ethics.

Original Article: 
Should Local Municipalities Default on Their Debts? Seems Like a Good Idea