Macro Musings with David Beckworth cover image

George Hall on the History of the U.S. National Debt and Government Financing

Macro Musings with David Beckworth

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The Unconventional Ways the Government Financing the Revolution

The government does hold assets. This government funded itself was, if you think about like the US Revolution,. We basically picked up a third of a continent and we were able to sort of sell off Ohio or Kentucky in order to get revenue. But they're not ones you can rely on on a consistent basis, right? They're a one-time fix. And also the other one that you mentioned that the Revolutionary War didn't George Washington also go and seize assets? I'm taking your pig. I'm take your corn.

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