Wagner, Richard E., <br/><br/>
Public debt as a form of public finance :  overcoming a category mistake and its vices / 
Richard E. Wagner. 
 - 1 online resource (60 pages) :  digital, PDF file(s). 
 - Cambridge elements. Elements in Austrian economics .
 - Cambridge elements. .
<br/><br/> Title from publisher's bibliographic system (viewed on 22 Mar 2019). 
<br/><br/> Economists commit a category mistake when they treat democratic governments as indebted. Monarchs can be indebted, as can individuals. In contrast, democracies can't truly be indebted. They are financial intermediaries that form a bridge between what are often willing borrowers and forced lenders. The language of public debt is an ideological language that promotes politically expressed desires and is not a scientific language that clarifies the practice of public finance. Economists have gone astray by assuming that a government is just another person whose impulses toward prudent action will restrict recourse to public debt and induce rational political action. 
<br/><br/><label>ISBN: </label>9781108696050 (ebook) 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Debts, Public.<br/>Finance, Public.
<br/><br/><label>LC Class. No.: </label>HJ8015  / .W34 2019 
<br/><br/><label>Dewey Class. No.: </label>336.34