Monday, February 15, 2021

There is a trilogy in US monetary base

 Sanctity of d is a restriction on government and government agencies on contracts. It did not over rule power to coin.  If sanctity over ruled then monopoly on coinage is over ruled., That is not the case, the three, tax, coinage and sanity must be independent, or semi independent over a foreseeable future

It works, this is a good trilogy. The Supremes will agree, having the fiat collect taxes and guarantee government debt is difficult to combine. We jut saw that, a sudden, unexpected jump in TIPs assets. That edgers into the sanctity  a bit. Where is power to coin? It is real, believe it.

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