Re:To Understand Rising Inequality, Consider Janitors
by pjmorris on Sunday September 03, 2017 @09:31PM
(#15165029)
> "legal tender for all debts public and private"
Government accepting payment for public debts in legal tender... is taxes. They're the first market maker for a fiat currency. It's certainly possible to just run printing presses, but that typically leads to hyperinflation and the replacement of the currency.
Government accepting payment for public debts in legal tender... is taxes. They're the first market maker for a fiat currency. It's certainly possible to just run printing presses, but that typically leads to hyperinflation and the replacement of the currency.