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I’m not an expert on wether this would be quite legal (or within the “calvinball” bounds of our political system - as the slightly more independent fed would ha
by dv_dt 4y ago
I’m not an expert on wether this would be quite legal (or within the “calvinball” bounds of our political system - as the slightly more independent fed would have to go along with the treasury at least).
But the point is, repeatedly testing legal corner cases and economic disruption on basic things like will our govt reps allow the govt to spend what they told it to spend is shooting ourself in the foot for political theatre.
Nations want a stable financial foundation to transact between other nations. They want a stable reserve currency that doesn’t inject added disruption from political instability. Until recently that was the US dollar that was stable beyond all other currencies.