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Don't worry, we'll just default

Peter Schiff

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The reality of ALL debt

All debts are always discharged, 100% of the time:

Either the debtor pays them off or the lender writes them off.

Debts that can't be paid are not paid.

(An excerpt of the Peter Schiff speech at the 2009 Henry Hazlitt Memorial Lecture. Recorded at the annual Austrian Scholars Conference, Ludwig von Mises Institute.)