Date: 2026-03-28 - Heure: 17:02
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Why Sovereign Debt Is Structurally Insulated from Market Discipline
Résumé
Auteur : Michael Dioguardi Source : Mises Institute Date : 2026-03-28
Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.