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Raising the Debt Ceiling is a "Political Choice"

In July 2011, Austrian economist Robert Murphy spoke with Campaign for Liberty about why apocalyptic warnings about what will have to happen if the federal government does not raise the debt ceiling simply don't hold water.

Though some of the numbers have changed, the principles Dr. Murphy describes are just as sound as they were two years ago, and this quick video can help cut through some of the establishment's distortions on our nation's financial situation.


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