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Auction Off the Stateby Robert P. MurphyMises Institute May. 05, 2011 |
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 In all the hoopla over the debt ceiling, I haven't heard many people raise the point that the government has a huge collection of assets that could be sold to the private sector. This would cushion the blow and make the transition easier. In other words, if people say that $750 billion in spending cuts (between now and September 30) is simply "impossible," then we still don't have to either borrow more or raise taxes. We have another option: namely, the federal government could auction off some of its holdings and fill the gap that way. Read More 
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