
George Hall on the History of the U.S. National Debt and Government Financing
Macro Musings with David Beckworth
00:00
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.
Transcript
Play full episode