Re:The United States’ Unamendable Constitution
by dragonwriter on Thursday October 27, 2022 @04:08PM
(#33363298)
> The federal reserve act (1913) - enables government to self-fund by printing money
The government was always able to do that. Independent central banking made it harder, not easier (that’s why independent central banking helps trust in the currency, because it divorces monetary from fiscal policy, and helping maintain trust in the currency is why you do it.)
The government was always able to do that. Independent central banking made it harder, not easier (that’s why independent central banking helps trust in the currency, because it divorces monetary from fiscal policy, and helping maintain trust in the currency is why you do it.)