Todd Stein & Josh Hammer, MW
It is the connection between the Fed 'risk' and the Congressional currency insurance in terms of inflation adjustment, and other mechanism.
Congress attempts to insure currency risk via the 'right to coin'. That drive up rates on government debt, and the interest charges are met with marginal liquidity from the super wealthy. The wealthy charge a premium, the Keynesians agree to pay it.
The authors come from Fortune, and will select the proper path, then grab the usual Fortune talking points before getting at the real problem. The real problem, 'right to coin' is a costly enterprise for Conress, they need to sell that right and save the nation from itself.
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