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100% Money and the Public Debt
100% Money and the Public Debt
Date: 15 April 2011, 23:58

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Article by Irving Fisher (1936), Professor Emeritus of Economics, Yale University, urges Congress to take back the Constitutional money power, redeem the national debt, require banks' demand deposit to be 100% liquid, to avoiding an inelastic loan structure that bursts, leaving frozen loans behind, and avoid 'Global Financial Crises." Short biography by Michael Schemmann.

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