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James M. Buchanan

Public Principles of Public Debt is one of James M. Buchanan’s most important and influential books. The radical idea he conceived was that: our reliance on public debt has amassed a sort of...

Michael Novak

The essay printed here is the lecture delivered by Michael Novak at the annual dinner of the American Enterprise Institute for Public Policy Research in Washington, D.C., on February 25, 1999. At...