Liberty and Responsibility In Democracies
Channel: Mercatus Center
Date: 2018-03-27

"Monarchs of old could be indebted. Monarchs of old had [sic] their own wealth. Now, people who might lend to the monarchs of old sometimes could be fearful of being paid back, sure. But still, when a monarch was indebted, it was clear who owed what to whom. . . But when a democracy, a democratic government goes into debt, who owes what to whom?"

(This video is partially funded by a grant from the John Templeton Foundation on “Work, Self- governance, and the Challenge of Unsustainable Dependency.” The grant is for a three-year project to explore the themes of work and self-governance as well as the root causes and consequences of the modern shift toward a greater reliance on government efforts to solve collective challenges.)


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