Congress Invents New Funny Money
The Constitution authorizes the Congress to coin money and to regulate its value. Hypothetically, if Congress wanted to, it could create an alternative to traditional greenbacks. Such a currency could enable off-balance sheet financing and circumvent the President’s budgeting process. As such, it would be invaluable as a way to get recalcitrant politicians, states and industries to go along with Congress’s bidding, without running into | Read More »
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