Common Fallacies in the 2023 Debt-Ceiling Debates

11/20/2023 Quarterly Journal of Austrian Economics Paul H. Kupiec Alex J. Pollock

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Common Fallacies in the 2023 Debt-Ceiling Debates

This article investigates the veracity of three claims made by current and former government officials in the context of the 2023 debt-ceiling debates: it would be unconstitutional to enforce the debt ceiling; the U.S. government has never defaulted; and there are no measures that could be taken to avoid a government default except raising the debt limit. None of these claims is true.

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Paul H. Kupiec, Alex J. Pollock, "Common Fallacies in the 2023 Debt-Ceiling Debates," Quarterly Journal of Austrian Economics 26 (2023).

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Paul H. Kupiec

Common Fallacies in the 2023 Debt-Ceiling Debates

11/20/2023 Quarterly Journal of Austrian Economics Paul H. Kupiec Alex J. Pollock

Is it unconstitutional to enforce a debt ceiling? Has the US government really never defaulted? Is there no alternative to raising the debt ceiling? Kupiec and Pollock investigate common claims.

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Common Fallacies in the 2023 Debt-Ceiling Debates

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