Government debt differs fundamentally from private debt: politicians pledge not their own resources but ours, and creditors who buy Treasury bonds are investing in future theft. With the national debt at thirty-eight trillion dollars and climbing by seventy thousand dollars every second, nobody knows what to do. The proposals on offer range from implausible to fantastical.
There is another option with a long history and principled foundation: repudiation.
naddr1qqgx...