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It's very difficult to find an explicit description of the entire process. I think I understand the story, but I want to run this by you guys to see if you spot any errors: The Process of Monetization of the Debt (1) The US government runs a deficit and borrows money by issuing bonds that must be...
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http://www.moneyandmarkets.com/the-g-20s-secret-debt-solution-27996 As someone who studies Austrian economics I am still very much a rookie especially when it comes to monetary manipulation by governments. This article is someone explaining what he thinks the major governments of the world are up to...
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Normal 0 false false false EN-AU X-NONE X-NONE MicrosoftInternetExplorer4 Can anyone provide a citation that supports the statement by Hans F. Semholz posted at http://mises.org/story/2414# that Friedman “calls for the issue of government money in the form of non-interest bearing obligations that...