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Watchwoman on the Wall
What Will Happen if the USA Defaults – Has it ever happened before?
By
Donna Calvin
THE MISES INSTITUTE http://mises.org/daily/5463/A-Short-History-of-US-Credit-Defaults Daily Email Newsletter July 15, 2011 A Short History of US Credit Defaults by John S. Chamberlain on July 15, 2011 On July 13th, the president of the United States angrily walked out of ongoing negotiations over the raising of the debt ceiling from its legislated maximum of $14.294 trillion dollars. This…
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