Local Government Debt by Benjamin Seevers (5/2/2023)

Local governments should completely default on their debt. Why? Because government debt is illegitimate. You cannot take on debt in someone else's name against their will, and that is essentially what government debt is. It is debt in the taxpayer's name. Want to learn more? Check out my recent article on the topic from Mises Wire: https://mises.org/wire/should-local-municipalities-default-their-debts-seems-good-idea