Public debt
Public debt are obligations of governments to pay certain sums to the holders at some future time. Public debt is distinguished from private debt, which consists of the obligations of individuals, business firms, and nongovernmental organizations.[1]
References
- ↑ Encyclopædia Britannica. "public debt. (2011).". Referenced 2011-02-17.
Links
- Repudiating the National Debt by Murray N. Rothbard, first published in June, 1992
- The People Who Borrow by Sir Ernest Benn, excerpted from chapter 6 of Debt: Private and Public, Good and Bad, 1938
- Default on Wikipedia