In Defense of Defaulting on the National Debt

In Defense of Defaulting on the National Debt
Flags fly at full staff outside the NYSE in New York City on April 9, 2020. Kena Betancur/Getty Images
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Commentary 
With the acknowledged national debt now a politically and economically unpayable $30 trillion (in reality, its unfunded liabilities are far greater), Americans should start to become acclimated to the realities of the United States’ eventual, inevitable default. While it may seem unfathomable, and the results too catastrophic to imagine, in fact, the likely damage to everyday Americans would be minimal in the short term and unquestionably a net plus in the long term.
A graduate of Spring Arbor University and the University of Illinois, Joseph Solis-Mullen is a political scientist and graduate student in the economics department at the University of Missouri. A writer and blogger, his work can be found at the Ludwig von Mises Institute, Eurasian Review, Libertarian Institute, and Sage Advance. You can contact him through his website JSMWritings.com or find him on Twitter @solis_mullen.
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