Public Debt as a Form of Public Finance: Overcoming a Category Mistake and Its Vices by Richard E. Wagner

Public Debt as a Form of Public Finance: Overcoming a Category Mistake and Its Vices

Elements in Austrian Economics

Richard E. Wagner

75 pages missing pub info (editions)

nonfiction business economics medium-paced
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Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can't truly be indebted. They are financial intermediaries that form a bridge between w...

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