I am really excited about this article. I did some research and found that the modern explosion of US debt can, as plain as day, be attributed to fiat money. No-risk borrowing, backed by fiat money, allows politicians to spend without taxing. If not able to borrow so liberally such that they had to *actually* pay for things, the govt would be much more efficient, including in the wars after 9/11. Please share!
“Fiat money has caused U.S. government borrowing to go out of control, and as such, the U.S. government has little regard to what it spends on.”
This is your government. This is your government on deficit spending. Any questions?