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.

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