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America has been monetarily sovereign since abandoning the gold standard in 1971. And according to every known definition it boils down to the Federal government never needing to tax or borrow or enforce austerity to fund Federal government programs which serve public purpose. That's because the Federal government is the sole issuer of the dollar. Therefore, Congress should appropriate funding to achieve full employment without needing to tax or borrow.

Submitted by Potomac Oracle in Taxes & Budget Dec. 30, 2014, 6:22 p.m.
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#2156
29 votes
Citation: http://www.thenation.com/article/161249/job-guarantee-government-plan-full-employment

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