The difference between public and private debt

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Nothing annoys me more than a liberal arguing that the government should borrow more money because private businesses do.

There are clear differences between government and private business in terms of:

Governance

Scope

Scale

Interests of its participants

I try to explain this in way anyone can understand in this video, which you can watch here.

Check out my recommended reading list.

This post was written by Alex Merced.

The views expressed here belong to the author and do not necessarily reflect our views and opinions.

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alexmerced@alexmerced.com'
Alex Merced is a latino libertarian activist. Alex also runs the AlexMercedCast Podcast, LibertarianWingMedia,com, and is an active member of the Libertarian Party. Alex Merced is currently running for the U.S. Senate seat in New York against Chuck Schumer in 2016.

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