Tweet [1]
Here’s an e-mail that I just received from Bob Higgs; it’s in response to this earlier post [2] (original emphasis):
The U. S. government most certainly HAS defaulted on its securities in the past: it did so massively in 1933 when it refused to pay bond holders in gold as promised explicitly on the face of the bonds — giving rise to one of the most duplicitous and idiotic Supreme Court rulings in history, and that’s saying a great deal.
I stand corrected. The case to which Bob refers is, I believe, Perry v. United States [3].