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Mint the Coin!

sawicky.substack.com

Mint the Coin!

Jan 18
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Share this post

Mint the Coin!

sawicky.substack.com

You know about the debt limit. It’s an extra obstacle — as if we needed one — to the smooth running of the Congress, exploited by Republicans. The debt incurred by the U.S. government is founded on borrowing for spending that has already survived the budget process. In other words, it’s a requirement that spending be approved twice. Note that there is nothing similar for tax cuts that themselves increase the national debt.

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