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View Diary: Gold Standard, Fiat Currency, and Petrodollar Explained (Why we may never be a green nation) (29 comments)

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  •  I understand that Treasury, through arbitrary laws (1+ / 0-)
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    must borrow dollars  from the Fed Reserve.

    But logically, it doesn't have to.

    Logically, we don't have to issue debt instruments.

    We could have  a national bank that issues non interest bearing money points into the private sector.

    Like Tsy does with coins.

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