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0 pointsjamska13y ago0 comments

>If every U.S. citizen could create dollars, we would indeed have hyperinflation.

For that same reason we don't give the power to create dollars to Congress.

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From a legal standpoint, "every U.S. citizen" is, in fact, "Congress". That's what the whole "Representative" thing is supposed to mean.

When Congress signs off on deficit spending, you are giving them the power to create dollars.

j / k navigate · click thread line to collapse

From a legal standpoint, "every U.S. citizen" is, in fact, "Congress". That's what the whole "Representative" thing is supposed to mean.

When Congress signs off on deficit spending, you are giving them the power to create dollars.

j / k navigate · click thread line to collapse