Difference between revisions of "Idea: How To Pay For What We Need"

From Wikidelphia
Jump to navigation Jump to search
Line 9: Line 9:

Revision as of 06:03, 18 May 2019


Funding Public Projects

Here’s the gist of it: using the monetary methods of Lincoln, updated to employ the inflation-fighting tools of the Federal Reserve, we could pay for a faster recovery and a great many worthy projects without higher taxes, without more national debt, and believe it or not, without inflation. How? By letting Congress exercise a little-known power that is used (very quietly indeed) by the Federal Reserve: the power to create new money.