Wishful Thinking 101: Can We Talk About the Deficit Now?

[Productivity]

I remember reading somewhere that the U.S. actually defaulted on its debt in the early 1800s, but now I can't find any reference to it. Hmm, maybe this is more of a Monastery question ...

I remember seeing a reference to this once in one of my macro texts, but I went looking for it (for Don C if I remember correctly) but never could find it - I'll have a look again a bit later.