Comment: Someone should ask this guy

(See in situ)


Someone should ask this guy

why we need the FRB if the Treasury can just create the money? Why is there need for a middle man? LOL This is kind of a self defeating message for someone who holds the FRB so close to his chest. I don't think he thought this through.

"Mr. Krugman, you are in support of having the treasury pay off $1Trillion of debt through the manufacturing of a platinum coin with a $1 trill denomination labeled on it. So, since the FRB usually creates the money by buying T-Bills and incurring govt debt in the process, why not just get rid of the fed and have the treasury manufacture their own money without incurring debt in the process?"

He did not think his position through.lmao

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James