Subject opinion to coercion: whom will you make your inquisitors? Fallible men, governed by bad passions, by private as well as public reasons. And why subject it to coercion? To produce uniformity? But is uniformity of opinion desirable? No more than of face and stature.

- Thomas Jefferson

Thre Will Be No Default

Like the junkie who tells you if he does not get another fix now he will die, the default is mythology. May we suggest the following to inform the curious:

No, Failure To Raise Debt Ceiling Won't Cause Default

The U.S. Debt Ceiling Fallacy: Agreement Or Not, There Will Be No Default

We offer these because in talking with fellow members of the citizenry who were generally informed, they were not aware of this information. They feared default.

How tragic your government wishes you to fear. Those in power do not want the consent of the governed as much as they desire the desperate fear of the governed.


posted at 10:11:29 on 10/14/13 by clearpolitics - Category: Economics - [Permalink]

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The Gross National Debt