Skip to main content

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

Comment Preferences

  •  I understand that Treasury, through arbitrary laws (1+ / 0-)
    Recommended by:
    RenMin

    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.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site