Or Congress could sell something vluable

Public debt is not a free lunch in an economy close to full employment. But when investment demand tends to fall short of saving, as it does when monetary policymakers are unable to push inflation higher to reduce real interest rates, there is a risk of chronic underemployment – and a stronger argument for deficit spending.

Echengreen advocating more spending.

Barry's solution is more bout bailing Congress than improving the economy.  Congress can sell us the right to coin, it is extremely valuable and lucrative for Congress.  In return we get our pay back with productivity increases in the agreement to gain access to government accounts.

This, Barry, is the standard Hicksonian jump/shift, not that crap that came from MIT.