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The U.S. government should stay in debt, and here's why

The U.S. government should stay in debt, and here's why

As another debt-limit crisis draws nigh, it's timely to consider an aspect of national debt that is almost always overlooked in this perennial battle: The United States should remain a debtor nation, perhaps permanently.

Who says so? Merely those raging liberals at the International Monetary Fund. 

Just kidding--about the IMF being liberals, that is, though not about their prescription. The fund is one of the most fiscally conservative institutions on Earth, to the point where its advocacy of austerity often gets blamed for driving underdeveloped nations deeper into...

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