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View Diary: President Obama Should Use Coin Seigniorage Now! (55 comments)

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  •  I doubt it (2+ / 0-)
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    neroden, Bronx59

    Not sure if the diarist is correct. But printing money or adding debt does about the same thing to the value of a dollar. And we have had fiat money for a long time. I'm not sure what countries have currencies backed up by precious metals. I think most major currencies are fiat currencies.

    Oh, look.....I get a tagline. I better not waste it. I'd rather have a bottle in front of me than a frontal lobotomy.

    by sd4david on Wed Jan 19, 2011 at 06:21:26 PM PST

    [ Parent ]

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