Mises Wire
Author:
Jane L. Johnson
Online Publish Date:
Stephen Anderson, in his Mises Wire essays of February 1 (“Are Bankruptcies of Some US States in the Future?”) and February 23 (“US States Have a Long History of Defaulting”), worries that some US states may be on the precipice of bankruptcy. While a potential problem—especially in light of high debt levels among federal government, businesses,