Government debt is junk investment, but the markets treat it as gold. That is because government greases the skids, keeping its paper from the market discipline that private investments experience.
Michael Dioguardi
Michael Dioguardi is a residential property manager and independent blogger writing under the title Seeker of Liberty. Drawing on years of dedicated study of the U.S. Constitution, the Federalist and Anti-Federalist Papers, landmark court decisions, and Austrian School economics, he analyzes contemporary challenges to individual liberty, institutional accountability, and economic stability.
His blog, Seeker of Liberty, explores a wide range of topics including critiques of federal agencies like the FBI, the institutional risks of unconstrained sovereign credit, and bold proposals for constitutional and criminal justice reform.