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Show Notes
If Congress passed legislation that systematically reduced the debt ceiling over time, the economy could be rebuilt on a solid foundation. Entrepreneurs in the productive sectors would realize that an ever-increasing proportion of resources (land, labor, and capital) would be at their disposal, writes Mark Thornton.
This audio Mises Daily is narrated by the author.
Topics
Capital and Interest TheoryMoney and BanksPolitical TheoryTaxes and SpendingU.S. Economy