Comment: Murray Rothbard: Reputiating The National Debt

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Murray Rothbard: Reputiating The National Debt

audio: http://mises.org/media/7671/Repudiating-the-National-Debt

He says public debit is not a valid contract, distinct from private debt where the understanding is that the borrower is acting on his own behalf, no one else's, and will be paying back the debt himself.

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"Bipartisan: both parties acting in concert to put both of their hands in your pocket."-Rothbard