Bonus Quotation of the Day…

by Don Boudreaux on February 13, 2013

in Budget Issues, Debt and Deficits, Other People's Money, Seen and Unseen

… is from this post, at EconLog, by David Henderson:

Bruce Bartlett, in The Benefit and the Burden, his book about taxes, writes that default “would constitute a grossly immoral theft of trillions of dollars from those who loaned money to the federal government in good faith.” In my review of his book, I commented, “Really? It’s worse to default on creditors who took a risk than to forcibly take money from taxpayers who have no choice?”

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