3 ms·
This line of argument is basically BS. Families lack the power to tax, the power to issue currency, and the power [currently] to borrow for 10 years at less tha
by MaysonL 15y ago
This line of argument is basically BS. Families lack the power to tax, the power to issue currency, and the power [currently] to borrow for 10 years at less than 2% interest.
- lukeqsee 15y agoTrue; however, it seems to have at least some validity. (Please expound if I'm wrong.) Obviously because the US borrows in Dollar-denominated bonds they can control the value of those bonds, but the difference is still staggering.