Month: October 2021

Yellen Is Wrong. The US Government Doesn’t Always Pay its Debts.

Former Fed Chair Janet Yellen is trying to convince people that the United States has never defaulted before, and has always made good on its financial obligations. Yet the United States government absolutely has defaulted on debts before—more than once. Moreover, if we expand the idea of default slightly, to encompass the idea of inflating away a government’s debt in real terms, default is even more common.

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CHANGE LANGUAGE/CAMBIAR IDIOMA

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