MCViewPoint

Opinion from a Libertarian ViewPoint

Default Hysteria: No Time To Panic; Time To Plan

Posted by M. C. on October 1, 2021

The usual “debt ceiling” theatrics have reappeared. We’re again greeted with the propaganda that if the most indebted government in the history of th

e world doesn’t continue to go deeper into debt, the world would grind to a halt. But economic “crisis,” which is really a painful return to economic reality, is inevitable. The real “crisis” is continuing to dig a deeper hole. So it’s certainly time to think about getting one’s own person financial house in order.

The default is already happening via devaluation of money.

Be seeing you

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