The bottom line is that the debt limit is an entirely political, not economic, animal. We require the federal government to go through the motions of selling bonds only because we want to constrain our policy makers....
...don’t say we don’t have the money, because we do. Dump the debt ceiling and focus on the real issues.Forbes
Why The Debt Ceiling Is A Dinosaur
John T. Harvey | Professor of Economics, Texas Christian University
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