
It’s Everyone’s Default: The Debt Ceiling Approaches | Libertarian: Richard Epstein | Hoover Institution
Libertarian
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The Argument for Setting the Debt Limit Ahead
Lawrence Tribe: The validity of the public debt of the United States should not be questioned. He says it's perfectly clear that Congress can authorize a public debt which has no particular cap to it. But I don't think if authorized by law has its usual context and separation of powers, he says. Lawrence tribe: If you take the stakes are so hard on one kind or another, there is little chance Supreme Court will accept this argument.
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