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If the debt gets too big, the bond vigilantes will stop buying
If the government creates more money, it will be worth less
If the government creates more money, it will cause inflation
Our grandchildren will have to pay off the national debt
The federal government can run out of money
The federal government must tax or borrow before it can spend
The government must live within its means
Understanding Money
What about Venezuela? Zimbabwe? Greece? Weimar Germany?

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Dark Leviathan

Dark Leviathan

Leave a Comment / economics / By Tom Olin / January 25, 2020

Here is a fascinating essay on the demise of Silk Road and what it says about libertarian fantasies.

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