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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 […]

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“Failure to raise the debt limit would force the United States to default,” Treasury Secretary Timothy F. Geithner panted in a May 13 letter to Sen. Michael F. Bennet, Colorado Democrat. “A default would inflict catastrophic, far reaching damage on […]

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