Should the Fed burn a pile of Treasury securities?

posted by
July 10, 2011
Nolan Chart
by Gene DeNardo  
Posted in Commentary

"Ron Paul's recent idea on how to ease the national debt is hardly original but none the less worthy of consideration. He has proposed what leftist critics of the status quo monetary system have been proposing for decades: that money printing should be used to fund the government. To give Ron due credit, he is not proposing exactly that. More precisely, he is proposing that the Fed should tear up a bundle of its Treasury securities, which would lower our overall debt total bringing us below the current debt ceiling. Still, the mechanics are identical, if not in reverse order." (07/09/11)

http://tinyurl.com/3bf76v8  

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