With default we restore trillions to the private sector and permanently reduce government’s ability to hog the resources we need to maintain prosperity.
Pascal Salin has written an important new book which shows how by its very nature, the tax state can never be a just state. When it taxes its citizens, it is willy-nilly arbitrary and tyrannical.
Cultural disparities between national, linguistic, or cultural groups can prevent the spread of trade and hamper the adoption of useful economic strategies.
