Thanks. But now I'm back to where I started--I don't understand what this coin nuttiness is a workaround for.
Oh, and the statutory limit on federal debt is a stupid fucking law. Although I'm sure economists in 1917 could explain why it was not only good but necessary. Probably some (many? most?) economists now, too.... The general history of this fear of paper I'm familiar with; it's gone over rather well by Galbraith pere in "Money: Whence it Came, Where It Went," Chapter 6, "An Instrument of Revolution." On Sat, Jul 30, 2011 at 9:15 AM, nathan tankus <[email protected]> wrote: > the quote actually is wrong. that statury limit is actually just a > reference to the debt ceiling. "A statutory limit has restricted total > federal debt since 1917 when Congress passed the Second Liberty Bond > Act." this is a pretty good history of the debt ceiling. > fpc.state.gov/documents/organization/105193.pdf > > -- > -Nathan Tankus > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
