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Defaulty Towers: How dangerous is the US Debt Ceiling?

Many Happy Returns

CHAPTER

Debt Letters Survive COVID

Debt has been the country's greatest asset, as Hamilton knew it would be. Debt letters win World Wars one and two. In this century, debt saved us from the financial crisis. A fine book in defense of public debt by four distinguished economists explains how much we owe to debt. We don't know when the next COVID or whatever is going to hit, and we have to spend a huge amount of money.

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