George Hall on the History of the U.S. National Debt and Government Financing
Macro Musings with David Beckworth
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The Differences Between Bondholders and Taxpayers
The question is, who's going to pay? It's either going to be recipients of government expenditures. And your research shows this historically, right? This is not something new. There are big, big transfers. That's what you see is in every one of these crises.
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