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Public Debt as a Form of Public Finance
Overcoming A Category Mistake And Its Vices
- Editore:
Cambridge University Press
- Collana:
- Elements In Austrian Economics
- EAN:
9781108735896
- ISBN:
1108735894
- Pagine:
- 70
- Formato:
- Paperback
- Lingua:
- Inglese
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Descrizione Public Debt as a Form of Public Finance
Democracies can't truly be indebted. The language of public debt is an ideological language, not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt.
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