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Tag: Federal Reserve

The Debt Ceiling: Government Borrowing From Itself

You probably are aware that the U.S. has reached its debt limit (roughly $31 trillion) again. The Treasury Department has borrowed as much as is allowed by the last debt ceiling measure passed by Congress—an amount that is entirely arbitrary. To avoid defaulting on...

Creating Money to Fund Social Security

In two recent columns, I discussed two reasons not to worry about the possibility of “defunding” Social Security. First was the unlikelihood of Congress and the President ending Social Security payroll taxes. Second was the option for Congress to fund...

National Debt and Making More Money

Watch this video on YouTube Are you concerned about the exploding national debt brought about by the $2.2 trillion CARES relief spending bill and the new $3 trillion spending bill just passed by the House? If so, you are in great company. However, the increase in the...