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View Diary: Ryan's Follies: A Crushing Burden of Public Debt (36 comments)

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  •  Why do that? (0+ / 0-)

    We can spend without borrowing. Why can't people remember that the Government has unlimited constitutional authority to create money. Right now the authority to create unlimited currency and bank reserves lies with the Fed, and the authority to mint unlimited money in the form of the face vale of coins lies with the Executive Branch. That is the legal status quo. We should make use of it and quit grousing about "the debt", "the debt."

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