Comment: It's not part of the debate in the mainstream....

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It's not part of the debate in the mainstream....

...for the same reason abolishing the Fed isn't, it's contrary to the interests of the people who control that debate.

But it should be part of the debate, and it is part of the debate within the Liberty Movement. Libertarians have been saying this for years. Murray Rothbard advocated default years ago, so did Robert Murphy more recently, so have many others.

The thing is, if you're going to default on the debt, you must have a balanced budget thereafter, as the USG would be locked out of the bond market, or charged extremely high rates of interest. We need to win the spending and size of government debate first, then we can talk about defaulting on the debt. Same with the gold standard, by the way, need to balance the budget first.

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."