Abstract:&nbsp;This article investigates the veracity of three claims made by current and former government officials in the context of the 2023 debt-ceiling debates: it would be unconstitutional to enforce the debt ceiling; the U.S. government has never defaulted; and there are no measures that could be taken to avoid a government default except raising the debt limit. None of these claims is true.<a href="https://qjae.mises.org/article/90336-common-fallacies-in-the-2023-debt-ceiling-debates">Read the full article at the Quarterly Journal of Austrian Economics.</a>

This article investigates the veracity of three claims made by current and former government officials in the context of the 2023 debt-ceiling debates. {ai:summary}The article examines three claims related to the 2023 debt-ceiling debates, asserting that it is unconstitutional to enforce the debt ceiling, that the U.S. has never defaulted, and that raising the debt limit is the only way to avoid default. It concludes that all these claims are false. The analysis highlights misconceptions surrounding the debt ceiling and government default, suggesting that alternative measures could be available. #economy

QJAE: Common Fallacies in the 2023 Debt-Ceiling Debates

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