Be sure to catch Jeff Deist tonight on Kennedy on Fox Business News, between 7:00 and 8:00 p.m. ET!
Defaulting on the Debt Is the Moral Thing to Do By Ryan McMaken Raising the debt limit will only delay the inevitable while courting fiscal and monetary chaos: higher interest rates, cuts to social programs, a declining dollar, and price inflation.
Yellen Is Wrong. The US Government Doesn't Always Pay its Debts. By Ryan McMaken Let's stop pretending default is unprecedented. The US defaulted on debts in 1934 and again in 1979. Today it engages in de facto default through financial repression and monetary inflation.