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Kant's Article 4

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Kant's Article 4
- Very modern and very relevant to our contemporary crisis is Kant’s Article 4, that “National debts shall not be contracted with a view to the external friction of states”. Public debt that serves the domestic economy is reasonable, but public debt in excess of that becomes an inexhaustible war treasury, that will inevitably lead to default and bankruptcy, thereby entangling and harming many innocent nations.
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