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View Diary: The Small Ball Trillion Dollar Coin Seigniorage Exception (13 comments)

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  •  Is this similar to what Hamilton did a couple (1+ / 0-)
    Recommended by:
    Calgacus

    hundred years ago to pay off our revolutionary war debt and open the door for infrastructure and development spending? Or is what he did more akin to the bond process of monetizing the debt that we already engage in?

    .....it's on the table, under the watermelon she demurred. Thanks, I was planning on shaving anyway he replied.

    by pdx kirk on Tue Jan 08, 2013 at 02:40:43 PM PST

    •  I don't remember (1+ / 0-)
      Recommended by:
      pdx kirk

      exactly what he did. But I think it was a combination of both. I do think that the FF did  set up the currency as fiat in the constitution, and that the gold standard came later.

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