Thursday, July 14, 2011

Galbraith on Debt Ceiling Nonsense

This essay should be required reading for all registered voters.

Though I can't seem to find it right now, I'm quite sure that I read,
I thought in this essay, that we are the only developed country with
a debt ceiling law.

Galbraith tells why we have one, and dates from the Civil War, and then
WW I, to assure all that our leaders will be prudent in the use of debt.

As it's said these days about the Internet, this piece should go viral.


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