Once we realize “the nation” is composed of different individuals who enter the scene at various points, live for varying lengths of time, and then die, to say “we owe it to ourselves” is a complete non sequitur.
Robert P. Murphy, Ph.D., “Debt Can’t Burden Future Generations?” in Contra Krugman: Smashing the Errors of America’s Most Famous Keynesian (2018), p. 469.
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Bob Murphy
