World-News

http://www.lewrockwell.com/wenzel/wenzel66.1.html

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Don?t buy government bonds

Ludwig von Mises Institute Ludwig von Mises Institute
by Frank Chodorov

published 1962; posted 01/13/11

In 1800, the United States Treasury owed $83 million. The population was then three million. Every baby born that year was loaded down with a debt burden of about $28; if the interest rate was 6 percent, the newborn citizen could look forward to paying a service charge on the national debt of $1.68 per year. Today the debt load of the nation comes to well over $290 billion, and the population is, in round figures, 180 million...

http://mises.org/daily/4922



Do NOT raise the federal debt limit

Downsize DC Downsize DC
by Jim Babka

01/12/11

I do not buy the scare stories predicting cataclysm if the debt ceiling isn't raised. I think the opposite is true. Investors will have more confidence in the U.S. if they see Congress taking a strong stand against cancerous spending and debt. Those who fund federal borrowing will feel INCREASED SECURITY that they'll get their money back...

http://www.downsizedc.org/blog/do-not-raise-the-federal-debt-limit


Informant: Thomas L. Knapp



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