Public Debt as a Form of Public Finance
(Part of the Elements in Austrian Economics Series)
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Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can't truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice...
Format:Paperback
Language:English
ISBN:1108735894
ISBN13:9781108735896
Release Date:May 2019
Publisher:Cambridge University Press
Length:75 Pages
Weight:0.23 lbs.
Dimensions:0.1" x 6.0" x 9.0"
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