The Right to Default

Gerard Magliocca

Gerard N. Magliocca is the Samuel R. Rosen Professor at the Indiana University Robert H. McKinney School of Law. Professor Magliocca is the author of three books and over twenty articles on constitutional law and intellectual property. He received his undergraduate degree from Stanford, his law degree from Yale, and joined the faculty after two years as an attorney at Covington and Burling and one year as a law clerk for Judge Guido Calabresi on the United States Court of Appeals for the Second Circuit. Professor Magliocca has received the Best New Professor Award and the Black Cane (Most Outstanding Professor) from the student body, and in 2008 held the Fulbright-Dow Distinguished Research Chair of the Roosevelt Study Center in Middelburg, The Netherlands. He was elected to the American Law Institute (ALI) in 2013.

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2 Responses

  1. Logan says:

    Would the size of the State government matter at all? For instance, California defaulting on it’s debt would be a lot worse for the country as a whole than if Vermont did.

  2. Hasan Diwan says:

    Logan, if any state were bailed out, Gerard’s point that the sate is no longer a “Republican form of government” holds true and it would be a violation of New York vs. United States. On the other hand, which state would deny a federal bailout and sue over it?