Time - Debt Ceiling: Could Ron Paul's Plan Save Us From Disaster, Twice?Submitted by EricHoffer on Wed, 07/06/2011 - 09:52
I'm glad to see some articles out there praising Dr. Paul's ideas. Here's another really well written article. Hilariously, it actually points out how insane our government policy is.
But nonetheless, if the government regularly used the Fed to create money to buy up its debt rather than paying it off, it seems wrong. The optics are bad. "It smacks of the third world," says Allan Meltzer, a Fed historian. "It's what Zimbabwe would do."