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      Cover image for Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices
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      Public Debt as a Form of Public Finance: Overcoming a Category Mistake and its Vices

      Richard E. Wagner (George Mason University, Virginia)

      Democracies can’t truly be indebted. The language of public debt is an ideological language, not a scientific language that clarifies the practice of public finance. Economists have gone astray by…

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