Warning: You are using a browser that does not support angularJS. Some site functionality will not be available to you. Please consider updating to a newer version.
FEE.org does not currently support Internet Explorer. Please use a supported browser such as Google Chrome or Mozilla Firefox.

No More Risk-Free Government Debt

“Late Thursday in Athens, Greek officials will begin the final tally of a massive debt write-down to see if enough investors have agreed to participate to allow them to declare the program a successful step on the way back to solvency, receive a new round of international loans — and perhaps put the worst of their crisis behind them. It is an epochal moment, the formal end of an era in which the debts of sovereign governments in the developed world were regarded as virtually risk-free and relied on as a benchmark investment as safe as cash.” (Washington Post)

We need more disincentives to lend to governments.

FEE Timely Classic
“Default in the Future” by Sheldon Richman

See what we've been working on.   Network with FEE's sponsors and donors at FEEcon this June. Visit FEEcon.org.

Related Articles

{{relArticle.title}}

{{relArticle.author}} - {{relArticle.pub_date | date : 'MMMM dd, yyyy'}} {{relArticle.author}} - {{relArticle.pub_date | date : 'MMMM dd, yyyy'}}
{{article.BodyText}}

SIGN UP FOR FEE DAILY EMAIL