Re: FDR2508 The Truth About the Government Debt Default

[Julien]

Regarding podcast FDR2508 at

By the way, it would be great if you used consistent reference of FDRxyz codes on Youtube as well as your podcast. 

Hi Stefan,

 

Good episode. Two possible corrections or additions:

 

According to Bob Murphy, it's not clear that default on debt is unconstitutional: http://consultingbyrpm.com/blog/2013/10/is-it-unconstitutional-for-the-federal-government-to-default-on-its-debt.html

 

According to David Friedman, Social Security payments are not subject to debt limit (when Treasury pays Social Security, this makes room to borrow more): http://daviddfriedman.blogspot.com/2013/10/social-security-and-debt-limit.html

 

Cheers,

Julien