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Progressives should champion the idea of paying off the national debt by discontinuing the sale of Treasuries thereby forcing the minting of high seigniorage platinum coins. The debt would be paid off in 30 years which would cripple the Fed. The process would also force owners of treasury bonds to invest, spend or put their money in banks as the rest of us do. It would also, once and for all, dispel the myth that the government needs tax money to operate the government.

Submitted by Charles3000 in Taxes & Budget Dec. 10, 2014, 4:47 p.m.
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#2227
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