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National debt is an issue only if you cannot defend yourself.
... and if potential rivals aren't also the biggest lenders. Just dump the bonds all at once in the secondary market and you may not have to fire a shot.
No taken out of context - Hayek was warmly supportive of the Pinochet regime and regularly visited AND defended it in the press. Hayek has said over and over again he preferred Dictators that implement his preferred Economic Solutions to Democracies that restrict them.
http://coreyrobin.com/2012/07/08/hayek-von-pinochet/
http://coreyrobin.files.wordpress.com/2012/07/hayekchile.pdf
We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/
We are now quoting socialists on Pat.net: https://www.jacobinmag.com/about/
Dodge, messenger, dodge - you are being shot at!
Those links all have references to Hayek's own quotes. Just because a socialist collected his quotes from newspapers and media, doesn't mean he didn't make 'em.
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http://www.salon.com/2014/10/04/income_inequalitys_sick_joke_a_rising_tide_only_lifts_luxury_yachts/