Peter Conti-Brown on the Legal and Regulatory Issues Facing the Fed and Financial Markets
Macro Musings with David Beckworth
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The 14th Amendment and the Debt Ceiling
Some scholars have argued that this provision would enable the president to ignore the debt limit. The problem is that some of these debts are on a vector, right? So they increase on their own. They don't ever stop. If you say we're only going to pay debts until this point and this point is not clearly defined, it doesn't seem consistent with the 14th Amendment section four. And so I like it. I like it better than the mint, the coin, frankly,. That section four mint renders the debt ceiling unconstitutional. It's in part because I just don't think that constitutional law top to bottom has a lot of what I would recognize as law. Any politician who runs
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