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There Are No Constraints on Us Government Borrowing

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In this week’s episode, Mark reviews what people have said about Fitch’s downgrade of US government debt. Mark sees it as a good thing, but not good enough. The “minor issue” in the latest debt ceiling agreement is ignored by the mainstream media: politicians suspended the debt ceiling into 2025, rather than raising it to some arbitrary, higher figure.

Be sure to follow Minor Issues at Mises.org/MinorIssues.

In this article:

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