If Obama Can Just Create A Trillion Dollar Coin, Then Why Do We Have To Pay Taxes?Submitted by Calgary4Paul on Tue, 01/08/2013 - 13:45
"It sounds crazy, but many notable voices (including Paul Krugman of the New York Times) are supporting this idea. But if the federal government has had the power to create trillion dollar coins out of thin air all this time, then why do we have to pay taxes? Not only that, why do we have a national debt? If the federal government can just create money whenever it wants, then why does the federal government ever have to borrow it from others?"