Instead of issuing new debt and running afoul of the debt ceiling, the Treasury secretary could simply fund the government by minting platinum coins. In 2013, even former US Mint Director Philip … Continue reading The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox
What actually is government debt? How does it work? Should we really be frightened of it? Will I ever get out of this swamp alive? “The expression ‘national debt’ is really 100 … Continue reading Government debt, translated by a comedian
Presumptive Republican presidential nominee said Monday that his recent comments about renegotiating or restructuring debt with creditors are being misconstrued… “People said I want to go and buy debt and default on … Continue reading Donald Trump: People are misrepresenting what I said about renegotiating debt
I’m curious what folks think about this. The idea that travel is becoming cheaper, that kids can go to school, that we have newspapers, etc. seems without depth. Yeah, sure, we have … Continue reading Senator Sanders and the Fixed Pie Fallacy
As a rule, it does not matter how much money a country owes if it can easily meet its interest payments. And the US will NEVER have a problem meeting its interest … Continue reading Time’s Magazine’s Cover Story About the National Debt Is Unforgivably Idiotic
The plan would cover $49.3 billion of Puerto Rico’s $72 billion debt, most of which is in the form of municipal bonds. What I like about their current plan: A potential sticking … Continue reading Puerto Rico Aims to Appease Congress With New Debt Proposal
A quick lesson in fiat money… to show you why this whole Debt Crisis might not be exactly what you think it is! Continue reading A quick lesson in fiat money and why there will never be a debt crisis in the US.
The supposed Debt Crisis in the United States is a complete fabrication and was created to do away with as many social programs as possible that took decades to create. Don’t fall … Continue reading Austerity and the Debt Crisis are both MAJOR scams