An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
That was Ron Paul's idea, too. Just have the Fed destroy the Treasuries it holds. It's got no need for them and they shouldn't be counted as part of the debt.
Great point Ralph and Mike.
Who's going to have them do it? That would require Congressional action, which will not be forthcoming. Proof Platinum Coin Seigniorage is better, because Congress has already legislated that. It would only take our President to use it.
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